7160 Gulf Of Mexico DRIVE, Longboat Key, FL, 34228 | $2,250,000

Location, location, location. This inviting elevated and beautifully furnished waterfront home is on a tranquil and deepwater natural bayou, with no bridges to Sarasota Bay and just moments to the Gulf of Mexico. North Longboat Key is known for its incredible turquoise gulf-to-bay waters and beautiful sandy beaches. This property is near the heart of favored boating and recreational areas, yet it provides exceptional privacy. The Key West-style home is elevated, airy, well-maintained and has a new roof. Entering through the ground-level foyer, ascend to the main living space via elevator or plush carpeted stairs. You will find a bright open floor plan with a great room, an open office or study area, a spacious balcony deck for alfresco dining, and a unique atrium bringing the outdoors in and overlooking the bayou where you may just see a gentle manatee swimming by. The open kitchen with breakfast bar and dining room provides a setting for socializing while cooking, enjoying meals or entertaining. On the main level there is also a convenient bedroom with an en suite and walk-in closet which can be used as a primary suite or enjoyed by guests. The third floor offers two more bedrooms, one with a large private balcony and en suite access or a Jack-and-Jill bath. The property offers beautiful views of lush tropical vegetation, a private boat dock, plenty of parking and storage and only one other nearby house. Owner had plans to install a boat lift on dock. Launch your boat from two nearby public ramps or kayaks from your backyard or cross the street for convenient white sandy gulf beaches and Greer Island access. Just down the street you have numerous popular restaurants with waterfront dining, shops, fitness centers, coffee shops and more, providing a wonderful island living experience from this private home on Longboat Key. Bring your golf cart and water toys and experience what North Longboat Key provides over any other areas of the island.

Features

  • Elevator: Y
  • Rooms: 11
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Laundry: Inside
  • Style: Coastal, Elevated, Key West
  • Year Built: 1993
  • Garage: Boat, Covered, Driveway, Under Building
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,056
  • Acreage: 0.17
  • Est. Taxes: $12,618
  • Lot Desc: Flood Insurance Required, FloodZone, Private, Sloped
  • View: Trees/Woods, Water
  • Elem. School: Anna Maria Elementary
  • Middle School: Martha B. King Middle
  • High School: Bayshore High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4598119
  • Days on Market: 281 days
  • Website: https://www.raveis.com
    /eprop/A4598119/7160gulfofmexicodrive_longboatkey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/8/2024 9:17:07 PM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-383-2500

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

7160 Gulf Of Mexico DRIVE, Longboat Key, FL, 34228

$2,250,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,800,000 $1,800,000 $1,800,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.406% 6.762% 6.830%
Monthly Tax Payment $1,052 $1,052 $1,052
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $11,675 $11,526 $15,804
Total Monthly Payment $12,852 $12,703 $16,981

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.