545 Sanctuary DRIVE, #B-504, Longboat Key, FL, 34228 | $3,750,000

Welcome to a slice of paradise at The Sanctuary, where coastal living meets luxurious comfort. Apartment 504 presents an unparalleled opportunity to own an exquisite residence in one of Longboat Key's most prestigious communities. As you enter the large hallway immerse yourself in breathtaking direct views of the Gulf of Mexico meeting the pristine Longboat key beach and enjoy awe-inspiring sunsets from the comfort of your own over sized private balcony. This expansive (3115 sq ft )corner unit has 3-bedroom, 3 full and one 1/2 bathroom apartment plus bonus room boasts an open-concept floor plan, offering generous living spaces perfect for both relaxation and entertaining. (3rd bedroom currently used as a study/guest room) This fully furnished apartment features high-end finishes, including tiled floors, designer light fixtures and fittings, creating an ambiance of sophistication and elegance. The gourmet kitchen is equipped with top-of-the-line stainless steel appliances including 2 wine fridge's, a Miele built in coffee maker, a large warming drawer, custom cabinetry, and granite countertops, making cooking a true pleasure. To the side of the kitchen there is second balcony with views of downtown which offers stunning views at night. The master suite is a tranquil retreat with panoramic water views, a large walk-in closet, and a spa-like en-suite bathroom with a soaking tub and walk-in shower. The second en-suite bedroom offers complete privacy for your guests. Easy to lock up and go for seasonal owners with electric hurricane shutters. The Sanctuary offers an array of resort style amenities, including a private beach entrance, a large heated pool, tennis courts, fitness center, clubhouse, and 24-hour security. This unit has one large climate controlled storage cage and one under building garage parking space. Situated on the coveted Longboat Key, Apartment 504 enjoys a prime location, with easy access to Sarasota and the vibrant cultural scene, fine dining, and upscale shopping on St. Armands Circle and the new ST Regis Hotel. Experience the tranquility of coastal living while still being close to all the conveniences of city life and a publix and CVS within just a few minutes drive. Whether you seek relaxation by the water's edge, engaging in recreational activities, or exploring the nearby nature preserves, The Sanctuary provides an exclusive lifestyle that epitomizes coastal living at its finest. This is an exceptional opportunity to own a stunning residence in one of Longboat Key's most sought-after communities. Don't miss the chance to experience luxury living at its finest. New roof 2024 and Phase one Milestone inspection completed.

Features

  • Elevator: Y
  • Heating: Central
  • Cooling: Central Air
  • Levels: 1
  • Amenities: Clubhouse, Elevator(s), Fitness Center, Gated, Pool, Recreation Facilities, Sauna, Security, Storage, Tennis Court(s)
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Laundry Room
  • Complex: SANCTUARY
  • Year Built: 1991
  • Approx Sq. Feet: 3,115
  • Est. Taxes: $19,466
  • Condo Fee: $10,136 Quarterly
  • View: Pool, Water
  • Pet Policy: Dogs OK, Number Limit, Yes
  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
  • MLS#: A4634869
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4634869/545sanctuarydrive_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 1/10/2025 6:35:56 AM)
Listing courtesy of Quest Properties Inc   Phone: 941-504-1111

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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545 Sanctuary DRIVE, #B-504, Longboat Key, FL, 34228

$3,750,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,000,000 $3,000,000 $3,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.261% 6.748% 6.847%
Monthly Tax Payment $1,622 $1,622 $1,622
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $19,959 $19,209 $26,340
Total Monthly Payment $21,706 $20,956 $28,087

* 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.