4234 Gulf Of Mexico DRIVE, #Y1, Longboat Key, FL, 34228 | $725,000

Coastal renovation, waterfront views, and architectural detail abound in this gorgeous Pelican Harbour & Beach Club two-bedroom, two-bath unit. Spacious kitchen featuring custom cabinetry with soft-close, center-island, and stainless appliances. Hurricane windows and doors, crown molding, profile trim, and plank porcelain tile throughout. The open floor plan flows effortlessly with the large and bright great room looking out to Sarasota Bay. The extended waterfront paver lanai provides plenty of room for relaxing, entertaining, or grilling. The owner's suite has built-in closet systems and features a custom bath with walk-in shower. The guest bedroom, split from the owner's suite, offers privacy and adjoins a second full bath with walk-in shower. You'll discover extras like high-efficiency washer and dryer, new Carrier AC with transferrable warranty, and a new hot water heater. The association boasts one of the best amenity packages on the island including private deeded beach access, resort-style heated pool, marina for boats up to 28 feet, kayak storage, pickleball, tennis, and more. Pelican Harbour enjoys fully funded reserves, successfully passed their milestone inspection, recently painted all the buildings, installed new roofs and new hurricane-rated carports. Pelican Harbour is also a pet-friendly community. Perfectly located mid-island, Pelican Harbour is close to shops, restaurants, places of worship, Bayfront Park, Town Center Green, St Armands and more. Enjoy the island lifestyle in this beautiful waterfront coastal renovation in the amenity-rich Pelican Harbour and Beach Club.

Features

  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 2
  • Amenities: Cable TV, Clubhouse, Laundry, Maintenance, Pickleball Court(s), Pool, Security, Storage, Tennis Court(s)
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Laundry Room
  • Complex: PELICAN HARBOUR & BEACH CLUB
  • Year Built: 1973
  • Approx Sq. Feet: 1,150
  • Est. Taxes: $5,340
  • Condo Fee: $4,456 Quarterly
  • Lot Desc: Landscaped, Private
  • View: Water
  • Pet Policy: Cats OK, Dogs OK, Number Limit, Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer
  • MLS#: A4632572
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4632572/4234gulfofmexicodrive_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 12/22/2024 2:05:36 AM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-383-2500

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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4234 Gulf Of Mexico DRIVE, #Y1, Longboat Key, FL, 34228

$725,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $580,000 $580,000 $580,000
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 $445 $445 $445
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,908 $3,855 $4,891
Total Monthly Payment $4,445 $4,392 $5,428

* 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.