One or more photo(s) has been virtually staged. NEW PRICE! Unbelieve Opportunity on this Newly Priced LBK CANAL Front. Please listen when I tell you that your opportunity is now here. Rare and sought-after Village of Longboat Key direct waterfront. Beautiful lot of almost 9, 000 ft. ² with deep water canal frontage with mangroves across the water. Ideal for enjoying your waterfront paradise in privacy. Some say this is the prettiest and most scenic canal on all of Longboat Key. Easy direct access to North Sarasota Bay and really Longboat Pass. Everything you're looking for on the Longboat Key waters is right out your back door- Immediate access to Jewfish Sandbar, Beer Can Island, North-End LBK, and Cortez waterfront restaurants, and immediate access to the Gulf. The water frontage is completed with a newer 10, 000-pound lift with seawall and trek-boarded dock ready to go. The current structure is a three-bedroom with three en suite bathrooms over 2100 ft. ² in living space. The perfect blank canvas for you to come in and create your own masterpiece. Solid block construction with updated windows and a newer roof. A stunning stone wood-burning fireplace is something to really create around. Also an attached one car garage. Come piece this property back together for your own style and /or tear down and build a new stunner. Either way, this is a choice lot to recreate- Village Community, Canal Frontage, Privacy across the water, and potential views from a rooftop deck. The Village of Longboat Key is the place to be. The feisty village truly is one of Florida's most unique coastal communities. Beyond its accent landscape, its Wild Peacock mascots and its moonlit alleyways, its home to maybe the Prettiest Beach Accesses on Longboat Key. The Broadway access is world-renowned for its white sand, turquoise waters, and stunning sunsets. Beach walks from the access North to Beer-can Island, wrapping around the north tip of LBK, and enjoying watching the Gulf meet the Bay is truly an experience. One that never gets old. This property is one of few in this desired community that is on the water. The pleasures of this community only begin there. Walkability is ideal in the village as it has to have the highest walk ratings in All of Longboat Key. You are mere steps away from sitting down at 1 of 7 restaurants. From light breakfast snacks to specialty desserts to waterfront fine dining, we have it all. There are also boutique shops, gyms, and bars, all at your fingertips. The Village is also home to a community boat ramp on the Bay, two bay front docks, and multiple Bay beaches and accesses. Plus don't forget the pups, as those back alley ways and our quiet streets are ideal for dog walks. Finally, the village is one of few that have golf carts approved for the state of Florida, so bring the cart and live like you're on vacation daily. These opportunities do not come every day. Your coastal Dream Paradise awaits you. It's the right island, the right community, the right lot, the right water frontage, come create today!
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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 | $736,000 | $736,000 | $736,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.750% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.239% | 6.849% | 7.037% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,959 | $4,774 | $6,564 |
Total Monthly Payment | $5,051 | $4,866 | $6,656 |
* 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.