![]() |
Wake up to the gentle sound of waves and take in beach and turquoise Gulf views from this rarely available, fully remodeled 1-bedroom, 1-bathroom ground-floor, corner-unit condo in Sarasota Outrigger. Elegantly designed with wood-look tile flooring throughout, plantation shutters, and crown molding in the living room, this condo exudes coastal charm and sophistication. Nestled right on the sands of Longboat Key, this beachfront retreat offers direct access to the shore, where you can take morning strolls along the coastline, soak up the Florida sunshine, or watch breathtaking sunsets paint the sky every evening. This condo presents a fantastic investment opportunity, thanks to its minimum weekly rental policy. Whether you choose to make it your own personal getaway or take advantage of its income potential, guests will love the unbeatable location and the ease of enjoying everything the area has to offer. Just outside your door, the community offers a heated pool, a covered seating area with a picnic table and additional lounge chairs, and immediate beach access. Beyond the shoreline, Longboat Key offers quaint boutiques, fresh seafood restaurants, and scenic bike paths, creating a perfect blend of relaxation and adventure. A short drive over the bridge takes you to St. Armands Circle, an upscale destination filled with boutique shopping, gourmet dining, and lively entertainment. Continue onto the mainland to explore downtown Sarasota, where you’ll find art galleries, museums, and even more dining and rooftop bars. With its prime beachfront location, water views, and flexible rental opportunities, this condo is a rare find. Whether you're seeking a personal retreat or an income-producing vacation rental, this is a chance to own a slice of paradise on Longboat Key. **THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE IF USING PREFERRED LENDER. INQUIRE FOR MORE DETAILS. **
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$695,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $556,000 | $556,000 | $556,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.887% | 6.790% | 6.014% |
Monthly Tax Payment | $492 | $492 | $492 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,378 | $3,560 | $4,617 |
Total Monthly Payment | $3,962 | $4,144 | $5,201 |
* 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.