611 Hibiscus WAY, Longboat Key, FL, 34228 | $950,000

Here is an amazing opportunity to either renovate the existing home or tear down and rebuild on a gorgeous oversized 10, 800 sf lot with a beautiful pool already in place. Located in the sought after "Village" of Longboat Key, it is surrounded by multi-million dollar homes and is ready to be reimagined! The interior of the home was remediated after the recent storm with removal of drywall and has been left in that condition awaiting its next visionary owner. The gorgeous pool sits in a large and private fenced in backyard and it features a metal roofed shed in addition to the home that could be used for storage or a studio. The lively Village is known for its friendly, laid back island lifestyle and this would be an amazing opportunity to jump in and make it your own. Longboat Keys beaches stretch for miles with sunsets that are not to be missed. Let this exceptional location be your new place to call home.

Features

  • Lot Size: 90 x 120
  • Lot Desc: Buildable, City Lot, In County, Near Golf Course, Near Marina, Near Public Transit, Oversized Lot, Street Lights
  • View: Garden, Pool
  • Elem. School: Anna Maria Elementary
  • Middle School: Martha B. King Middle
  • High School: Bayshore High
  • Pet Policy: Yes
  • MLS#: A4631199
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4631199/611hibiscusway_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 12/4/2024 9:32:11 PM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-383-7591

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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
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Robert.Reade@raveis.com

Our Insurance Division:

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611 Hibiscus WAY, Longboat Key, FL, 34228

$950,000

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 $760,000 $760,000 $760,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.209% 6.750% 6.664%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,866 $4,866 $6,620
Total Monthly Payment $4,958 $4,958 $6,712

* 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.