Beautifully furnished and fully renovated, this Fairway Bay townhome is located within the gated community of Bay Isles on Longboat Key. Fairway Bay offers an amenity-rich lifestyle, featuring a heated resort-style pool and spa, fitness center, tennis and pickleball courts, a clubroom, planned social activities, on-site staff, and 24-hour gated security. Additionally, residents enjoy exclusive access to the Bay Isles Beach Club, which includes an on-site attendant, covered entertaining area, restrooms, covered picnic tables, barbecue grills, and more. The townhome itself showcases a fully renovated kitchen, two spacious owner’s suites—each with walk-in closets and en-suite baths—a third guest bath, a lower-level bonus area, and a large tandem garage. Designed with effortless flow in mind, this home is perfect for entertaining friends, relaxing in cozy sitting areas, or enjoying the outdoors on the screened lanai. The main level features an open floor plan with porcelain plank flooring, a reimagined kitchen with induction cooking and quartz countertops, vaulted ceilings, and dining and great rooms that open to a private lanai overlooking Fairway Bay’s lush tropical landscaping. Upstairs, you’ll find two expansive suites, each with walk-in closets and private baths. Conveniently located near the suites is a laundry center equipped with a high-efficiency front-load washer and dryer. The large tandem garage on the lower level provides ample space for your car, bikes, kayaks, paddleboards, and other gear. The lower level also includes a large bonus room. Fairway Bay’s association handles virtually all maintenance—including windows, doors, landscaping, roofs, and painting—offering residents a truly carefree living experience. The community is ideally situated near the Longboat Key Resort, featuring golf, tennis, and a full-service marina, as well as the Town Center Green with its outdoor amphitheater, shopping, dining, entertainment, St. Armands Circle, and downtown Sarasota. Experience the island lifestyle in this beautifully furnished and meticulously renovated townhome, located in Longboat Key’s exceptional Fairway Bay community.
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William Raveis Mortgage, LLC
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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 | $700,000 | $700,000 | $700,000 |
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 | $558 | $558 | $558 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,540 | $4,482 | $6,146 |
Total Monthly Payment | $5,190 | $5,132 | $6,796 |
* 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.