Opportunity now in the Coveted Village of Longboat Key. Steps from the stunning Gulf of Mexico, this property offers an unparalleled chance to immerse yourself in the charm of one of Florida's most unique coastal communities. The existing structure is a solidly built, block-construction home featuring two bedrooms, two bathrooms, and approximately 1, 200 square feet of living space. A large, glass-enclosed Florida room with vaulted ceilings adds an additional apx 560sf. With updated windows, a newer roof (2019), and priced to sell, this property is the perfect blank canvas to create your dream retreat. Renovate the existing home to suit your style or start fresh and build a brand-new masterpiece on this desirable lot. Either way, you'll be situated in the heart of the Village of Longboat Key, just steps from the breathtaking turquoise waters and white sands of the Gulf. The Village is more than a neighborhood -- it's a lifestyle. Known for its quaint charm, wild peacocks, lush coastal landscaping, and moonlit alleyways, the Village also boasts one of the most beautiful beach accesses on Longboat Key. The nearby Broadway beach access is renowned for its world-class sunsets, tranquil walks along the shore, and the unique experience of watching the Gulf meet the Bay at Beer Can Island.
Unmatched Community Amenities - Walkability: Enjoy the highest walkability rating in all of Longboat Key. Stroll to any of the seven nearby restaurants offering everything from casual breakfasts to waterfront fine dining. Convenience: Explore boutique shops, gyms, bars, and more, all just minutes from your doorstep. Recreation: Take advantage of the community boat ramp, two bayfront docks, multiple bay beaches, and water accesses. Pet-Friendly: Quiet streets and scenic back alleys make this neighborhood ideal for dog walks. Golf Cart Living: The Village is one of the few areas on Longboat Key where golf carts are approved, enhancing your island-living experience. The Perfect Coastal Retreat. Whether you're seeking a tranquil getaway or a vibrant community vibe, the Village of Longboat Key has it all. Opportunities like this don't come often -- your coastal paradise is waiting. The right island, the right community, the right lot -- don't miss the chance to create your dream home today!
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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 | $316,000 | $316,000 | $316,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $383 | $383 | $383 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,129 | $2,100 | $2,665 |
Total Monthly Payment | $2,587 | $2,558 | $3,123 |
* 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.