1581 Gulf Of Mexico DRIVE, #508, Longboat Key, FL, 34228 | $12,250,000

Rare opportunity for this large four-bedroom corner residence at the highly coveted and exclusive St. Regis Longboat Key. Spectacular views from the wrap around terrace of the Gulf of Mexico, Sarasota Bay and the resort, including the beautiful saltwater lagoon. Enter from your private elevator into a gracious living room complete with built-in bar, beverage refrigerator and ice maker for entertaining your guests. The grand living area opens to the wrap around terrace complete with Wolf grill. The chef?s kitchen is finished with Poggenpohl cabinetry, top of the line Wolf and Sub-Zero appliances including a double oven, gas cook top, large refrigerator, microwave and two dishwashers. A large walk-in pantry provides additional storage. The Wind finishes throughout the residence were curated by Marc Michaels Interior Design and were selected to remain timeless. The owner?s suite is gracious and luxurious featuring a wall of windows overlooking the resort and the Gulf of Mexico which provide magical evening views. A separate linen closet and large owner?s closet accommodates all your storage requirements. The owner?s bath is a spa-like retreat with a soaking tub, large shower, two separate vanities and two water closets with Toto bidet toilets. Your guests will never want to leave the three large ensuite bedrooms with private terraces and exceptional views of Sarasota Bay and the city lights. Nestled within the first branded residential community and ultra- luxe 5-star resort on the Gulf of Mexico. The Residences at The St. Regis Longboat Key blend legendary amenities, including the signature St. Regis Butler and Concierge services, a world-renowned St. Regis Spa, in residence dining. Resident only amenities include a clubhouse, fitness center, pool/spa and beach area. Enjoy your private residence amenities, while having access to all the resort has to offer. Live like you are on vacation all year round.

Features

  • Elevator: Y
  • Heating: Central, Electric, Zoned
  • Cooling: Central Air
  • Levels: 6
  • Amenities: Clubhouse, Elevator(s), Fitness Center, Gated, Lobby Key Required, Pool, Spa/Hot Tub, Storage
  • Rooms: 10
  • Bedrooms: 4
  • Baths: 4 full / 1 half
  • Laundry: Inside, Laundry Room
  • Complex: ST. REGIS LONGBOAT KEY
  • Year Built: 2024
  • Approx Sq. Feet: 4,017
  • Est. Taxes: $0
  • Condo Fee: $7,800 Monthly
  • Lot Desc: Landscaped
  • View: Water
  • Pet Policy: Yes
  • Appliances: Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • MLS#: A4630440
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4630440/1581gulfofmexicodrive_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 11/27/2024 10:34:02 AM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-951-6660

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

1581 Gulf Of Mexico DRIVE, #508, Longboat Key, FL, 34228

$12,250,000

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 $9,800,000 $9,800,000 $9,800,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.321% 6.750% 7.038%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $63,563 $62,750 $86,721
Total Monthly Payment $63,688 $62,875 $86,846

* 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.