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5311 Gulf Of Mexico DRIVE, #6, Longboat Key, FL, 34228 | $865,000
Unbelievable opportunity here now. Gulf front beauty in the over-the-top charming community of Beach Castle on Longboat Key. Nestled in the heart of Longboat Key in the coveted 5000 block with easy walking access to restaurants, shops, clubs, gyms, parks and much more. Updated 2 bed / 2 bath with beautiful Gulf Views right on the sand of some of the finest white powdery sand in the State of Florida. Open floor plan with kitchen overlooking the dining and family room. Oversized bedrooms with primary having sliders leading to lanai and capturing the Gulf View, . The guest bedroom has enough room for two full-size beds. The kitchen was improved with upgraded appliances, cabinetry, and granite countertops. The property is offered turnkey furnished. Beach Castle is zoned for Short Term Rental allowance. A rare allowance on Longboat Key. This property generated just over $58, 000 in rental income for 2024 on less than 50% annual tenant occupancy. So good numbers on the books with room for improvement.
Beach Castle, a beach-to-bay resort, is one of the few complexes on the island that is permitted for short term rental allowance. Make money, cover ownership expense and use at your leisure all combined. Centrally located in mid-Longboat Key and nearby hotspots & community activities and just a short drive to St. Armands Circle, Downtown Sarasota, Anna Maria Island, etc. The property is offered turnkey furnished. Beach Castle offers a heated pool, hot tub, BBQ grills, complimentary internet access by the pool, laundry facilities, fishing dock, shared boat docks (first-come, first-served basis with 26' boat limit), a place to launch your kayak, tennis courts available (at the neighboring property), bay access, private beach access with complimentary lounge chairs & umbrellas. This popular Key West-style boutique community has years of repeat renters with exquisitely landscaped grounds peppered with lush tropical color. Don't let this opportunity pass. Start living your dream today with a place to get away from it all, walk on the white sandy beaches, relish in the Florida sunshine AND own a profitable investment property.
Features
- Heating: Central
- Cooling: Central Air
- Levels: 2
- Amenities: Cable TV, Laundry, Maintenance, Pool, Spa/Hot Tub, Storage, Tennis Court(s)
- Rooms: 6
- Bedrooms: 2
- Baths: 2 full
- Laundry: Common Area
- Complex: MCCALLS BEACH CASTLE
- Year Built: 1973
- Common Charge: $1,499 Monthly
- Approx Sq. Feet: 1,110
- Est. Taxes: $9,167
- Lot Desc: Cleared
- View: Water
- Elem. School: Anna Maria Elementary
- Middle School: Martha B. King Middle
- High School: Bayshore High
- Pool: Child Safety Fence, Heated, Lighting
- Pet Policy: Yes
- Appliances: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
- MLS#: A4632456
- Days on Market: 21 days
- Website: https://www.raveis.com
/prop/A4632456/5311gulfofmexicodrive_longboatkey_fl?source=qrflyer
Listing courtesy of CENTURY 21 BEGGINS ENTERPRISES Phone: 941-387-8888
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
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
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5311 Gulf Of Mexico DRIVE, #6, Longboat Key, FL, 34228
$865,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $692,000 | $692,000 | $692,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.750% | 6.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.538% | 6.874% | 7.430% |
| Monthly Tax Payment | $764 | $764 | $764 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,604 | $4,488 | $6,124 |
| Total Monthly Payment | $5,460 | $5,344 | $6,980 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388