Experience the ultimate in Longboat Key living in the Promenade with this beautifully renovated 4th-floor condominium, offering spectacular Gulf and Bay views. Extensively updated, this 2, 100 sq. ft. residence now combines modern elegance with breathtaking vistas from every room. Floor-to-ceiling glass windows fill the space with natural light and showcase the serene tropical surroundings. The thoughtfully redesigned interior features three bedrooms, one of which is currently used as a family room but can easily be converted back into a bedroom. Each bedroom has an updated en-suite bath, including a luxurious primary suite with terrace access, custom closets, and a spa-inspired bath with dual vanities and a walk-in shower. The renovated kitchen is a standout, with sleek cabinetry, stone countertops, a wall of glass framing panoramic water views, and high-end Thermador appliances. Two balconies provide outdoor space for enjoying the picturesque scenery. The Promenade community offers resort-style amenities, including a heated pool and spa, 394 feet of private beachfront, Har-Tru tennis courts, a health club, sauna, 24-hour security, full-service concierge, and in-house maintenance. Additionally, residents have the option to join the prestigious Longboat Key Club, located nearby, which offers world-class golf, tennis, dining, spa services, and marina facilities. Conveniently located just 2 miles from St. Armands Circle and 5 miles from downtown Sarasota, this property combines luxury, comfort, and access to the best of island and city living.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,350,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,880,000 | $1,880,000 | $1,880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $1,545 | $1,545 | $1,545 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,194 | $12,038 | $16,506 |
Total Monthly Payment | $13,864 | $13,708 | $18,176 |
* 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.