Situated in a desirable waterfront location on south Longboat Key, this Country Club Shores property offers an exceptional opportunity to craft your dream coastal retreat. This parcel spans just over 10, 000 square feet, providing ample space to build or renovate to suit your lifestyle. Notable updates include a newer tile roof (2024), a seawall cap (2016), and a resurfaced swimming pool (2006), setting the foundation for your vision. The existing home spans 1, 600 square feet, featuring a bright and functional layout that’s ready for a renovation project. The living and dining areas are adorned with walls of glass sliders, seamlessly connecting indoor spaces to the pool deck. Nearby, the galley-style kitchen provides a central hub for your redesign. Three bedrooms complete the interior layout, offering potential for comfortable accommodations or creative reconfiguration. Outdoor living offers a screened lanai and a sparkling swimming pool on an open deck. The property’s waterfront features include 100 feet of frontage, a separate dock, and unobstructed access to Sarasota Bay, making it a boater’s potential paradise. Country Club Shores is a sought-after waterfront community known for its charm and central location. Enjoy a short walk or leisurely bike ride to the Gulf’s pristine beaches and turquoise waves. The nearby Longboat Key Club offers an array of world-class amenities for members, from golf to fine dining. Just a short drive away, St. Armands Circle and downtown Sarasota present endless options for boutique shopping, gourmet dining, and cultural experiences. This property combines location, potential, and waterfront lifestyle, offering the perfect canvas to create your ideal Longboat Key escape.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,520,000 | $1,520,000 | $1,520,000 |
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 | $1,195 | $1,195 | $1,195 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,859 | $9,733 | $13,346 |
Total Monthly Payment | $11,179 | $11,053 | $14,666 |
* 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.