4500 Gulf Of Mexico DRIVE, #205, Longboat Key, FL, 34228 | $575,000

RARE OPPORTUNITY! THIS IS YOUR LUCKY DAY! A blank palette to create the home that you have always dreamed of awaits. Why spend $30, 000 for deconstructing and removal down to the studs of an original Windward Bay Condominium, when the work has already been completed and ready for you? Location, Location, Location! Finished remodeled condos on the same floor have sold in the $800, 000 range and the highest Windward Bay interior, 2nd floor condo with reconfigured floor plan, sold at $900, 000. Prepare to be enthralled by the mesmerizing beauty of the sparkling waters of Sarasota Bay and the sense of “Old Florida Tranquility”. Bask in the serenity of moonlit nights or wake up to breathtaking sunrises from each of your bayfront rooms. Imagine viewing the graceful Manatees from the comfort of your own home! Florida’s gentle giants return each year to live right below your condo's living and florida room windows, which is the #1 reason that the current owners, for over two decades, purchased this second home! Memories the sellers will forever cherish are the cacophony of bird viewings they experienced daily, which includes: a great blue heron and rare yellow crested night heron that live in the mangrove tree to the left of their window, an osprey who will fly very close to the Florida Room to show off his catch, the nearby eagle and owl neighbors that they looked forward to seeing during the week, the dancing dolphins, the continuous jumping of the mullet fish, and their greatest memory of all was indeed the manatees right below. They witnessed the birth of many baby manatees over the years and had the honor of observing a mother manatee leading her baby to its first breath of air. “It is an amazing place to observe the Awesomeness of Nature. ” The circumstances for Professional water remediation and deconstruction down to the studs, was not related to hurricane damage. Clean and certified Lab air analysis reports are available upon request. The community of Windward Bay is set like a jewel on the barrier island of Longboat Key. Flourishing on 26 acres that are well-manicured, beautifully landscaped, and graced with half a mile of water-front nature trails. Windward Bay possesses one deeded and two public beach access points to the uncrowded sandy beaches of Longboat Key. A designated parking space and spacious owner’s closet is yours (For all your beach toys and bicycles) located on the first level parking garage. Windward Bay on Longboat Key, is a low-density residence and a nature lover’s delight with unparalleled amenities that include: Two tennis/pickleball courts, 2 marinas with 28 boat & jet ski slips for a low monthly fee (first come first served), a barbecue grill for each midrise, fishing pier, 2 fish cleaning stations, kayak racks, 2 heated pools, shuffleboard, bike racks, clubhouse, library, fitness room, meeting room, 2 saunas, and community fire pits throughout the property. Conveniently accessible to Downtown Sarasota, St. Armands Circle, Anna Maria Island, Historic Cortez Fishing Village, Championship Golf Courses, renowned restaurants, shopping destinations, and vibrant cultural attractions, you'll never have a shortage of entertainment options. Welcome home to Pet Friendly Windward Bay, where TWO pets are allowed. This “Once in a Lifetime” Condo is the paradigm of contemporary Longboat Key “Gulf to Bay Living”. Book your showing today, live the life and create the perfect home you have always dreamed of!

Features

  • Elevator: Y
  • Heating: Electric
  • Cooling: Central Air
  • Levels: 4
  • Amenities: Clubhouse, Elevator(s), Fitness Center, Laundry, Pickleball Court(s), Pool, Recreation Facilities, Sauna, Shuffleboard Court, Storage, Tennis Court(s), Trail(s)
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Other
  • Complex: WINDWARD BAY AMD
  • Year Built: 1975
  • Approx Sq. Feet: 1,325
  • Acreage: 26.67
  • Est. Taxes: $8,862
  • Condo Fee: $1,292 Monthly
  • View: Water
  • Elem. School: Anna Maria Elementary
  • Middle School: Martha B. King Middle
  • High School: Bayshore High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Electric Water Heater, Range, Refrigerator
  • MLS#: A4630592
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4630592/4500gulfofmexicodrive_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 1/8/2025 12:44:08 AM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 941-366-8070

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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4500 Gulf Of Mexico DRIVE, #205, Longboat Key, FL, 34228

$575,000

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 $460,000 $460,000 $460,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 7.000% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.330% 7.182% 6.412%
Monthly Tax Payment $739 $739 $739
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,060 $3,060 $3,913
Total Monthly Payment $3,890 $3,890 $4,743

* 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.