An exceptional opportunity awaits with this south Longboat Key property located “1-in” from the Bay, in the highly coveted neighborhood of Country Club Shores. Design your Bayfront Dream Home or undertake a straightforward renovation to modernize this home, and revel in the breathtaking Sarasota Bay views. Following a complete remediation from storm Helene this property has been professionally prepared to be a cost-effective restoration, and includes undamaged furniture and new washer/dryer and wine captain. Additionally, the seller has architectural plans for a new build which will be conveyed with the property. This charming masonry home, rich in classic appeal, features two spacious dual owner's suites, a den/3rd bedroom with sliders opening to the patio, a large great room with a wood-burning fireplace, adjoining dining room, and an open kitchen. The expansive family room is adorned with walls of windows which boasts stunning water views over the private 110 feet of canal with a 2021 seawall and composite dock, including water and a power pedestal. This property offers quick access from your new dock to the intercoastal waterway, or the Gulf of Mexico - perfect for a day of fun boating or deep-water fishing. Relish the advantages of living in south Longboat Key, with all it has to offer including a resident only private deeded beach access, and reasonable HOA dues of $100. 00 annually. The award-winning Resort at Longboat Key Club is right across the street and offers 45 holes of championship golf, tennis, pickleball, a spa and fitness center, and many dining options. The Resort hotel is super convenient for your guests who want to stay right on our beautiful sugar sand beach. Start living that easy bay to beach lifestyle today!
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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 | $1,920,000 | $1,920,000 | $1,920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.148% | 6.760% | 6.806% |
Monthly Tax Payment | $1,896 | $1,896 | $1,896 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,613 | $12,294 | $16,857 |
Total Monthly Payment | $14,634 | $14,315 | $18,878 |
* 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.