Where downtown meets the Bay, You can have it all at this direct waterfront community where no one will ever build in front of you and block your endless sunset views. Enjoy the waterfront lifestyle and the conveniences of living downtown. YES, we have 4 pickleball courts and 1 tennis court. This 2/2, 1642sf has spectacular sweeping views over Longboat Key to the Gulf. It is situated on a 9-acre gated peninsula with 24 hr security and is located next door to the world class Bay Park with its many amenities. Throughout the condo are matching maple Lube cabinets, granite countertops and designer glass sinks in the baths. The combination living room/dining room are surrounded by windows giving you nonstop water, dolphin and manatee views. The kitchen has a breakfast bar, Murano glass ceiling fixture, Kenmore Elite french door refrigerator with double freezer drawers, and a Kenmore Elite stove. The living/dining area opens up to your balcony with floor to ceiling sliders. Recent improvements include all new 24 x 24 porcelain tile in the living area, foyer & kitchen. New dishwasher in Oct 2024 and new AC and guest room carpet in Dec 2024. The primary bedroom features woven wool carpet and a large ensuite with a walk in shower with 5 shower heads, double glass pedestal sinks, maple Lube cabinets with granite countertops, custom walkin closet with a dresser. The large guest room has a custom walkin closet with a dresser and has room to use it as an office as well. The guest bath also has double pedestal sinks and a tub/shower. All the windows are tinted to reduce glare and have Duette shades. There is a reverse osmosis filter under the kitchen sink. Condo on the Bay is in the middle of a planned exterior update including the roof, fitness centers and stucco painting and repair. The milestone report was good and is available for review. The many exterior amenities are in process of being updated as well due to some hurricane damage. The property will have an almost total renovation by the time all the projects are done. Seller is paying for all assessments so you can just enjoy the new and improved Condo on the Bay without additional cost. No water entered the buildings during the hurricanes. If you are looking for a place to dock your boat or kayak you can't ask for more convenience than walking out your door. Within walking distance are many restaurants, concerts, parks, shopping, entertainment. Lido Beach is just 2 miles away, Siesta, 5 miles and the airport 4 miles. Looking to make friends? This is a very friendly place to live. There are organized social activities, happy hours, dining out, mahjong, water aerobics, walking groups, etc and get togethers for no reason. Your Hoa fee includes all utilities except electric. All pets must have either an emotional support letter or service animal documentation. Offers must include proof of funds or pre-approval. Furniture is available for purchase.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,425,000
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 | $1,140,000 | $1,140,000 | $1,140,000 |
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 | 7.559% | 6.723% | 6.847% |
Monthly Tax Payment | $1,060 | $1,060 | $1,060 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,394 | $7,300 | $10,009 |
Total Monthly Payment | $8,579 | $8,485 | $11,194 |
* 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.