Discover the ultimate vacation retreat at 5201 Gulf of Mexico Drive, Unit 104, a fully renovated, turn-key 2 bedroom, 2 bath condo in a boutique complex of just eight units on Longboat Key. Spectacular Gulf of Mexico views from the great room and primary bedroom, this first-floor unit features upgraded hurricane-impact sliders, new flooring, retextured ceilings, and elegant wood bifold doors. The updated kitchen offers water views, new light fixtures, and modern finishes, while both baths shine with new showers, countertops, and cabinets. Recent enhancements include re-piping, a new air handler, new deck off the great room, re-surfaced pool, and a fresh coat of paint throughout. Sold fully furnished, the condo is move-in ready with a new living room couch and chair. Enjoy private beach access, a community pool, and ample parking, all with easy access to St. Armands and downtown Sarasota’s shopping and dining. With its stunning location and luxurious upgrades, this condo is a must-see—schedule your showing today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,190,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $952,000 | $952,000 | $952,000 |
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 | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $910 | $910 | $910 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,175 | $6,096 | $8,359 |
Total Monthly Payment | $7,210 | $7,131 | $9,394 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.