Imagine starting your day with glorious sunrises over the bay and ending it with mesmerizing sunsets over the Gulf of Mexico. Whether your interests lie in boating, relaxing by one of the bayside pools, or indulging yourself on the pristine Gulf of Mexico beach, this residence provides Gulf-to-bay access and an incredible waterfront lifestyle. Sutton Place is centrally located on the exclusive barrier island of Longboat Key and provides an abundance of amenities. Residents of Sutton Pace enjoy private deeded beach access with a Gulf beach pavilion, picnic tables, restrooms, showers, gated dedicated beach parking, car wash stations, and lockers for beach chairs. Bayside there are two pools, one directly on the waterfront and the other with a full clubhouse. The community boasts three barbecue zones, kayak storage and launch facilities, as well as boat slips. The meticulous poolside clubhouse is ideal for community gatherings or hosting private functions and has a fully equipped kitchen, billiards table, and a cozy library corner. Two small pets are allowed. Within the complex this property is the largest of the floor plans in Sutton Place with 1, 450 sq ft of heated space, a very large private in-unit laundry room with built-in extra storage, generous closet storage in every bedroom, a convenient lanai, and large single car garage with extra storage on both sides of the garage. Move right in, to this furnished roomy 3 bedroom, 2. 5-bath townhome style villa. While this property is part of a condominium association, the location of the unit is tucked away from the main road of the complex, and the unit’s size, garden area entry, and layout all serve to make it feel much more private. The home has been tastefully updated with new carpet, new bathroom vanity and fixtures, stylish stainless-steel appliances, new garage door, finished garage floor, updated lanai, and complete exterior facelift. The open flow of the living room through the dining area and out to the screened-in lanai with garden access, allows for a great place to relax or entertain guests. The bedrooms are on the second floor, which provides privacy from the ground-level living and entertaining areas. The three bedrooms are spacious and offer generously sized closets in every room, with the primary bedroom featuring an ensuite. Sutton Place and the generous amenities make it desirable for those seeking rental income after the first year of ownership. The complex allows two rentals per year, with a one-month minimum rental period. The mid-key location is ideal for exploring the nearby Bayfront Park with its recreation center, playground, dog parks, basketball court, shuffleboard courts, multi-purpose open field, pickleball courts, tennis, picnic tables and yoga lawn. You're also ideally located for enjoying numerous restaurants at either end of the key. Parks in either direction, shops, and cultural attractions of Longboat Key and charming Anna Maria Island are all just minutes away. St. Armands Circle and downtown Sarasota are a convenient drive to the south. Be sure to take advantage of the convenient shared-use path which traverses the length of the island. *Seller financing is available at a low rate of 4%*. Don’t miss your chance to live where others vacation. It’s time to claim your slice of paradise.
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William Raveis Mortgage, LLC
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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 | $460,000 | $460,000 | $460,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $582 | $582 | $582 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,870 | $2,795 | $3,635 |
Total Monthly Payment | $3,544 | $3,469 | $4,309 |
* 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.