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541 Spanish DRIVE N, #541, Longboat Key, FL, 34228 | $219,000
Investor Alert – Waterfront Community on Longboat Key!! Boat slips available at low cost!!
A rare opportunity awaits at Spanish Main Yacht Club! This storm-mitigated 1-bedroom, 1. 5-bathroom condo is ready for a remodel. With private beach access just steps away, this stand-alone condo offers the chance to create your dream coastal home well below market value. Seller says bring offers now!
Located on Longboat Key, this home features a spacious open-concept footprint for a living and dining area that flows seamlessly into a Florida room, providing expansive views of the preserve. The primary bedroom includes an en-suite bathroom and direct access to a versatile bonus room—perfect for a den, office, or additional living space. Large hurricane impact windows throughout fill the condo with natural light, showcasing stunning sunrises over the water.
In addition to its breathtaking views, this villa is set within a vibrant 55+ community. Spanish Main Yacht Club offers a private marina with boat docks available on a first-come, first-served basis, plus kayak racks for easy access to Sarasota Bay. Whether you enjoy boating, kayaking, or fishing, this community has it all.
Residents enjoy a variety of amenities designed for both relaxation and socializing. The clubhouse provides a multi-purpose room for games, events, and card-playing, along with a quiet library for reading. The outdoor pool and shuffleboard courts provide opportunities for fun and relaxation under the Florida sun.
This villa is just steps from sandy beaches and minutes from St. Armand’s Circle, where you’ll find fantastic dining, shopping, and entertainment options. The bridge to Anna Maria Island is also just a short drive away, making it easy to explore the best of Florida’s Gulf Coast.
This maintenance-free condo offers endless potential for the right investor or homeowner looking to renovate and make it their own. Don’t miss out on this rare chance to own a piece of paradise in one of the most desirable communities on Longboat Key. Schedule a showing today!
Features
- Heating: Central
- Cooling: Central Air
- Levels: 1
- Rooms: 4
- Bedrooms: 1
- Baths: 1 full / 1 half
- Laundry: Other
- Complex: SPANISH MAIN YACHT CLUB CONDO
- Year Built: 1968
- Common Charge: $1,400 Monthly
- Approx Sq. Feet: 817
- Est. Taxes: $4,150
- Adult Communities: Yes
- Pet Policy: Dogs OK
- Appliances: None
- MLS#: A4630426
- Days on Market: 0 day
- Website: https://www.raveis.com
/prop/A4630426/541spanishdriven_longboatkey_fl?source=qrflyer
Listing courtesy of AUM FLORIDA REAL ESTATE LLC Phone: 855-286-3573
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
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- 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
541 Spanish DRIVE N, #541, Longboat Key, FL, 34228
$219,000
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 | $175,200 | $175,200 | $175,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
| Monthly Tax Payment | $346 | $346 | $346 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,151 | $1,151 | $1,467 |
| Total Monthly Payment | $1,572 | $1,572 | $1,888 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388