6604 Gulf Of Mexico DRIVE, Longboat Key, FL, 34228 | $1,200,000

Under contract-accepting backup offers. Privacy is key for this sprawling, estate-size lot down a quiet street on the north end of Longboat Key. Tranquil, quiet and peaceful, this canal-front location offers one of the largest single-family home lots available on Longboat and provide a blank canvas to build your dream home. With the additional purchase of the adjacent lot (MLS#A4594056), it is close to 1 acre of land for the ultimate family estate, a rare opportunity in this area. With 140 feet of canal frontage offering access to Sarasota Bay and the Intracoastal Waterway, this highly sought-after location is the place to immerse yourself in the island lifestyle. Walk across the street to the beach access where you can enjoy the beautiful white sands of Longboat Key Beach and the blue sparkling waters of the Gulf of Mexico. Just a short drive from shopping and dining on St. Armands Circle, golf, tennis, boating, Holmes Beach, Anna Maria Island and all that the Sarasota/Bradenton area has to offer- you really can have it all!

Features

  • Lot Size: 140 x 140
  • Lot Desc: Buildable, City Lot, Key Lot, Room For Pool
  • View: Water
  • Elem. School: Anna Maria Elementary
  • Middle School: W.D. Sugg Middle
  • High School: Bayshore High
  • Pet Policy: Yes
  • MLS#: A4594061
  • Days on Market: 127 days
  • Website: https://www.raveis.com
    /prop/A4594061/6604gulfofmexicodrive_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 6/17/2024 1:32:08 PM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-364-4000

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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
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

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6604 Gulf Of Mexico DRIVE, Longboat Key, FL, 34228

$1,200,000

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 $960,000 $960,000 $960,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.00 6.750 6.625
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.799 6.876 6.85
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,387 $6,227 $8,429
Total Monthly Payment $6,512 $6,352 $8,554

* 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.