5500 LONGWOOD RUN BOULEVARD, #201, Sarasota, FL, 34243 | $199,900

Quiet Corner-Unit Condo in the Heart of Sarasota!

This 1, 026 sq. ft. corner-unit condo in Magnolia Place offers a bright, open living space with vaulted ceilings and abundant natural light. The tile floors add easy-care elegance, while the cozy balcony—overlooking a peaceful courtyard with grass and mature trees—provides a private retreat for morning coffee or evening relaxation.

Perfect for a first-time buyer, seasonal resident, or anyone looking to downsize, this home features a low-maintenance, lock-and-leave lifestyle. There’s one assigned parking space, and the community’s tranquil setting gives you the best of both worlds—serenity at home with city conveniences just minutes away.

UTC Mall is only moments from your door, offering luxury shopping, gourmet dining, and seasonal attractions like winter ice skating. You’re also within easy reach of cultural gems such as the Ca’ d’Zan, Asolo Repertory Theatre, Sarasota Ballet, and the world-famous Ringling Museum of Art. Downtown Sarasota is a quick 15-minute drive, and the area’s award-winning beaches are close at hand—Siesta Key (30 minutes), Lido Beach (25 minutes), and St. Armands Circle (20 minutes) with its charming European-inspired ambiance and 140+ shops, galleries, and restaurants.

With nearby parks like Longwood Park, a vibrant arts scene, and endless dining and shopping, this condo delivers the ideal Sarasota lifestyle—whether you’re here full-time or part of the year.

Even better, "with the right offer", Seller will consider a credit at closing to prospective Buyers for purposes such as: buying down their mortgage rate, covering closing costs or other allowable items. . .

One or more photo(s) has been virtually staged to help showcase the intended use and true potential of spaces in the home. All information is deemed reliable, measurements are approximate, buyer to verify all prior to closing.

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 1
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Inside, Laundry Closet
  • Complex: MAGNOLIA PLACE
  • Year Built: 1994
  • Approx Sq. Feet: 954
  • Acreage: 1.38
  • Est. Taxes: $495
  • Condo Fee: $434 Monthly
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Microwave, Range, Refrigerator, Washer
  • MLS#: A4645647
  • Days on Market: 247 days
  • Website: https://www.raveis.com
    /prop/A4645647/5500longwoodrunboulevard_sarasota_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 12/31/2025 3:14:58 AM)
Listing courtesy of WRA BUSINESS & REAL ESTATE   Phone: 407-512-1008

William Raveis Family of Services

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.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Pedro DelgadilloInsurance Sales Director, William Raveis Insurance

305.922.5393

Pedro.Delgadillo@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

5500 LONGWOOD RUN BOULEVARD, #201, Sarasota, FL, 34243

$199,900

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 $159,920 $159,920 $159,920
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.125% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.285% 6.280% 5.609%
Monthly Tax Payment $41 $41 $41
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $908 $972 $1,296
Total Monthly Payment $1,024 $1,088 $1,412

* 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.