Build your dream home on one of Longboat Key's remaining gems. Ideally between the charm of Anna Maria Island and sophistication of St. Armands Circle, this rare vacant lot offers an unparalleled opportunity to create your custom coastal retreat on Longboat Key. Alongside the serene Joan Durante Park nature preserve, this exceptional property boasts privacy and natural beauty in abundance. With no HOA or deed restrictions, this large property offers the freedom to design a home that suits your lifestyle. Step from your backyard right into the adjacent 32-acre nature preserve featuring scenic walking trails, a picnic pavilion, and breathtaking views of Sarasota Bay and the city skyline. Watch the eagles and ospreys visiting the park right from your living room or backyard. Adding to the appeal, the lot includes deeded beach access to a quiet white sand stretch along the Gulf of Mexico, as well as nearby proximity to Sarasota Bay, ideal for enjoying the best of Florida's outdoor lifestyle. Less than a block away, you'll find iconic dining options such as Euphemia Haye and Harry’s Continental Kitchen, along with a deli and boutique shopping. Numerous other shopping, dining, recreational and entertainment options are only a short drive away, ensuring convenience without sacrificing tranquility. Underground utility installations are nearly complete across the key, and all assessments for this property have been fully paid. Plans for a custom single-family residence available upon request, ensuring a seamless path to building your dream home. A suitability soil analysis report from 2012 is also available upon request. This is your chance to create a coastal sanctuary in one of Longboat Key's most desirable locations. Schedule your private showing today and take the first step toward living the Florida dream!
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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 | $636,000 | $636,000 | $636,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,178 | $4,227 | $5,363 |
Total Monthly Payment | $4,270 | $4,319 | $5,455 |
* 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.