1211 Gulf Of Mexico DRIVE, #910, Longboat Key, FL, 34228 | $6,999,000

"GULF FRONT Promenade Penthouse Condominium, Longboat Key 2 stories 5 bedrooms + office, 5 ½ bath direct Gulf front, end unit, almost completely renovated and never occupied unit. The residence is approximately 5, 092 SF with miles of fabulous views from every room of the Gulf, sunsets and bay, mirrored private elevator connect the 2 levels, 2 skylights on the 10th floor open to the blue Florida skies and starry nights, 2 outdoor terraces with mesmerizing views of the Gulf of Mexico, downtown Sarasota and Siesta Key, 2 assigned covered parking spaces near to the elevator, temperature controlled storage locker and an additional locker in the work stop. Spectacular 20 feet double story entry foyer with breathtaking glass walls. Award winner “2023 winner of SRQ Magazine Platinum award: Best Remodel/Renovation of Year”. Luxury and glamour design with elegant Interior features such as a see-through wine storage room, dramatic 2 story entry foyer overlooking a second floor glass guardrail, backlit Onyx fireplace, Limestone 18”X36” floors, Teak solid wood floors, a chef-inspired kitchen with Poggenpohl cabinets, Liebherr full refrigerator and full freezer, Kueppersbusch oven, dishwasher and cooktop, Swarovski crystal Hood “Elica”, Falegnami Italian leather closets, Valli & Valli hardware, Kreon and Deltalight lighting fixtures, with interior circular glass-sided stair. Hansgrohe and Grohe plumbing fixtures, Granite antique brushed countertop, Venetian plaster Italian technique covering the walls, private air-conditioned storage room and assigned locker in arts/crafts room, motorized roller blinds and blackout curtains. Promenade is one of Longboat key’s premium Gulf front condominium with 112 units and 10 stories situated on the Southern End offering a large geometric heated pool overlooking beach and spa, Spa, terraces and gazebo with chairs and 2 long tables, 4 Har-Tru tennis courts, grilling area, 2 fitness center his/her spa with saunas in each health club, two social rooms: Sunrise Room (with bar) and Sunset Room (with a full kitchen), gathering room, craft room with a movie and book library, bicycle storage, 24 hour guarded gate entry, concierge service 7 days a week, beach chairs and umbrellas and pristine sandy beach overlooking the Gulf of Mexico turquoise water. Maintenance fee covers the building exterior, cable, and the internet and electricity in the community area, very healthy escrow reserve, flood insurance, ground maintenance, insurance of the building and common areas, on-site management, recreational facilities, roof, security, trash removal, water & sewer. Sarasota, Florida, is a vibrant city known for its beautiful beaches such as Siesta Key, Lido Key, and Longboat Key. The Ringling Museum complex offers a captivating art experience, while Mote Marine Laboratory & Aquarium showcases fascinating marine species. Enjoy upscale shopping at St. Armands Circle, indulge in diverse culinary delights, and immerse yourself in Sarasota’s thriving performing arts scene. The Sarasota Bradenton International Airport provides convenient access to this array of attractions. • The economy of Sarasota, Florida is driven by sectors such as tourism, the largest industries being Health Care & Social Assistance, retail trade, real estate, professional services, and the arts. Owners Sublease 3 months/minimum twice/year. Do not miss your opportunity to see this one-of-a-kind award-winning beachfront penthouse residence! Call for showing today.

Features

  • Elevator: Y
  • Heating: Baseboard, Central, Electric, Exhaust Fan
  • Cooling: Central Air
  • Levels: 11
  • Amenities: Clubhouse, Pool, Sauna, Security, Spa/Hot Tub, Storage, Tennis Court(s)
  • Rooms: 13
  • Bedrooms: 5
  • Baths: 5 full / 1 half
  • Laundry: Inside
  • Complex: PROMENADE
  • Year Built: 1985
  • Approx Sq. Feet: 4,667
  • Acreage: 7.86
  • Est. Taxes: $29,050
  • Condo Fee: $6,475 Quarterly
  • View: City, Water
  • Elem. School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Booker High
  • Pool: Deck, Gunite, Heated, In Ground, Lighting
  • Pet Policy: No
  • Appliances: Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Microwave, Refrigerator, Washer, Wine Refrigerator
  • MLS#: TB8329851
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/TB8329851/1211gulfofmexicodrive_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 12/18/2024 1:08:03 AM)
Listing courtesy of BEACHFRONT REALTY INC   Phone: 305-405-0615

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NMLS Mortgage Loan Originator ID 16953

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1211 Gulf Of Mexico DRIVE, #910, Longboat Key, FL, 34228

$6,999,000

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 $5,599,200 $5,599,200 $5,599,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.500% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.296% 6.622% 6.680%
Monthly Tax Payment $2,421 $2,421 $2,421
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $36,316 $35,391 $48,775
Total Monthly Payment $38,862 $37,937 $51,321

* 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.