This stunning 4-bedroom home, located on the tranquil Bay Isles Waterway, offers a luxurious lifestyle within the popular Bayou neighborhood of the Longboat Key Club. With a thoughtfully designed open floor plan, the home features high ceilings and expansive glass walls that allow natural light to flood the space, creating a bright and inviting atmosphere. The modern kitchen seamlessly flows into the family room and overlooks the large pool, while the formal dining room is conveniently situated to connect with the elegant living room.
On the main level, the private and spacious primary bedroom suite offers a luxurious retreat, complete with a walk-in closet large enough to rival a room. Ideal for both relaxation and entertaining, the outdoor living space is equally impressive, with an outdoor kitchen on the lanai, perfect for al fresco dining while enjoying the large, heated pool. Guests and family will appreciate the privacy offered by the three generously sized bedrooms located on the upper level. The home also features a deep-water dock with the capacity to accommodate a 50-foot boat, providing easy access to the bay and the Gulf of Mexico. The property sits at an elevation of 11. 6 feet, meeting FEMA standards, ensuring peace of mind and security. Owning a home in the Bayou includes a membership to the exclusive Bay Isles Beach Club, along with the added security of 24-hour manned guard gates. Ideally located, the community offers easy access to the Longboat Key Club's golf course, tennis courts, pro shops, and restaurants (membership required), as well as the nearby Publix shopping plaza. Situated at the southern tip of Longboat Key, you are just a short distance from St. Armands Circle and its unique boutiques and restaurants, while Sarasota's vibrant cultural and dining attractions are only minutes away across the bay.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,400,000
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 | $1,920,000 | $1,920,000 | $1,920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.636% | 6.684% |
Monthly Tax Payment | $1,128 | $1,128 | $1,128 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,294 | $12,136 | $16,725 |
Total Monthly Payment | $13,547 | $13,389 | $17,978 |
* 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.