New Opportunity, Here Now! A beautifully maintained Townhome in Cedars East Tennis Resort & Club. Elevated structure with living space well above flood plain. Ideally located with easy access to Longboat Key's island long walking/bike path providing easy access to one of our best beaches and other island amenities. This home has been beautifully kept, updated and loved. The interior has a fresh coat of paint throughout. The interior walls are wrapped in stunning crown molding & newer tile flooring throughout the living space while both bedrooms are layered with a beautiful new carpet. Kitchen updates include upgraded shaker cabinets, granite countertops, stainless steel appliances & a beautiful stone backsplash. These improved materials are consistent though all 3 bathrooms as well. The living space is open & spacious offering an easy & light living space. The open kitchen with the snack bar leads right into the dining & family room. This home has gorgeous colors & materials throughout only to be complemented with stunning furnishings that are included with the sale. The primary bedroom is oversized with a wall of windows offering beautiful views & natural light . The primary bathroom is large with dual vanities. Guest bedroom is spacious & provides a walk in closet. Right of the bedroom space is a full size laundry room. The covered and screened lanai is right off the family room. The oversized garage with a large storage closet is perfect for all the hobbies and is a very rare asset on Longboat Key. In 2018 the exterior was resided w/ maintenance-free Hardi Board Siding & hi-impact windows installed. In 2023 a brand new hurricane rated garage door. Both ACs were replaced in 2021. Cedars East has a convenient on-site rental mgmt, if desired, with a convenient 2-week minimum Short term rental policy. Excellent future rental bookings & rental history w/ over $50k generated in 2023. is a 66-acre village-like townhome setting, surrounded by nature & close access to both the beach and bay on the beautiful north end of Longboat Key. Spacious and tropical community w/ lit boardwalks leading through mangroves to amenities including heated Jr. Olympic Size Pool, 9 Har-Tru Tennis Courts, 3 Pickleball courts, Club House w/ Pro-Shop, 24hr Fitness Center, Tiki bar, Restaurant, Fishing Pier & Kayak launch. Some amenities require additional membership to the club for use. Walking distance to area attractions like Harry's Deli & Continental Kitchen, a true island gem in Joan Durante Park, Euphemia Haye Restaurant & The Haye Loft, and, of course, Longboat Key's world-famous sugary white sand beaches. Close to other main attractions and cultural events, e. g. , St. Armand's Circle, Mote Aquarium, the Asolo Repertory Theatre, Van Wezel Performing Arts Center, Marie Selby Gardens, Anna Maria Island, Ringling Museum complex & numerous dining options on Longboat and in downtown Sarasota. If you are a golfer, there are a number of top-rated courses nearby. Spacious Condo Ownership, property w/ Townhome Design, is perfect for seasonal or year-round living. Cedars is also a pet-friendly community with no weight restrictions! Finally, the sellers are offering completely turn-key furnished. Bonus, with the recent Hurricanes on the island, Cedars did extremely well with both storms. So peace of mind, elevated structure, interior / exterior upgrades, flexible rental income and Dog Friendly. . . . it's the One!
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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 | $540,000 | $540,000 | $540,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $521 | $521 | $521 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,638 | $3,589 | $4,554 |
Total Monthly Payment | $4,250 | $4,201 | $5,166 |
* 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.