Here is an amazing opportunity to own your own slice of waterfront property on fabulous Longboat Key with a 125 ft SEAWALL (2022) complete with a 10, 000 lb lift (2022), a Composite Dock (2022) and a Floating Dock (2022) for the total convenience of enjoying the beautiful canal you live on! Spend your day out on the water and return to your outdoor entertaining space under a big cedar pergola with a fully equipped kitchen to enjoy the days catch. The owner had large wooden gates custom made so your entertaining haven is nice and private. The value of the 11, 250sf property alone makes this an instant, viable investment but add to it that, the current owners took great care by installing IMPACT RESISTANT WINDOWS AND SLIDING DOORS throughout this 3 bedroom 2 bath home, all new electrical, and much more on the attached upgrades list. As you enter through the carved wooden front doors, you are instantly greeted with lots of light, cathedral ceilings and a view across the expansive great room to the sparkling water beyond. The large dining area has sliders that look out on the canal as well. The kitchen has been nicely updated with quartz countertops and stainless steel appliances. The primary bedroom also has a lot of great light and an updated bathroom with double sinks. The friendly neighborhood offers deeded beach access across Gulf of Mexico drive where nightly sunsets are a must. Everything is here for you to truly enjoy the island lifestyle, but if you chose to, the world famous shopping of St. Armands Circle and the cultural mecca of downtown Sarasota are just a short drive away. Whether you are looking for a forever home, a great island escape or a wonderful opportunity for investment rental income, this might just be the place for you!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,350,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,080,000 | $1,080,000 | $1,080,000 |
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 | $721 | $721 | $721 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,185 | $7,005 | $9,482 |
Total Monthly Payment | $8,031 | $7,851 | $10,328 |
* 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.