707 Saint Judes DRIVE S, #1, Longboat Key, FL, 34228 | $282,000

DIRECT WATERFRONT OPPORTUNITY IN LONGBOAT KEY! Active flood claim and approximately $20, 000 in bookings in the first 3 months of 2025! Here's your rare chance to own a waterfront property with direct access to the Intercoastal Waterway and a private boat dock! Perfectly located for vacation rentals, this canal-front 1-bedroom, 1-bathroom end unit offers incredible potential for income, especially with high demand bookings from January to April. This property boasts 21 feet of water frontage, suitable for an elevator lift, a private dock, and a newly installed seawall (June 2021). Enjoy the Florida lifestyle with easy access to boating, kayaking, and fishing. Additional outdoor amenities include a paver patio with extended walking space on three sides and a convenient shed for extra storage. Inside, the unit has been recently upgraded with a new metal roof (2023), hurricane-resistant windows, a newly renovated bathroom featuring glass shower doors with a soap-scum resistant coating, and a sleek floating sink (2024). Plus, it offers the convenience of in-unit laundry and a new hot water heater (2024). Just steps away from a private beach access, kayak launch, and deeded beach entry. The property also has direct access to the scenic Joan M. Durante Park, with 32 acres of walking trails, gardens, recreational areas, and breathtaking Sarasota Bay views. Take a short walk to top-rated restaurants, shops, a deli, bike and kayak rentals, and more. Plus, you're just a short drive to St. Armands Circle and Anna Maria Island! This property comes with existing vacation rental bookings that must be honored by the new owner. Take advantage of the savings—this is the most economical waterfront poroperty you'll find in all of Longboat Key!

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 1
  • Rooms: 4
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Inside
  • Complex: SAINT JUDES APTS
  • Year Built: 1966
  • Common Charge: $685 Monthly
  • Approx Sq. Feet: 630
  • Acreage: 0.5
  • Est. Taxes: $4,412
  • Lot Desc: Flood Insurance Required, FloodZone
  • View: Water
  • Pet Policy: No
  • Appliances: Electric Water Heater, None
  • MLS#: O6257538
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/O6257538/707saintjudesdrives_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 11/18/2024 11:35:58 PM)
Listing courtesy of LIONHEART BROKERS   Phone: 321-214-4640

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NMLS Mortgage Loan Originator ID 16953

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707 Saint Judes DRIVE S, #1, Longboat Key, FL, 34228

$282,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $225,600 $225,600 $225,600
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.582% 7.171% 6.518%
Monthly Tax Payment $368 $368 $368
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,539 $1,499 $1,934
Total Monthly Payment $1,982 $1,942 $2,377

* 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.