2525 Gulf Of Mexico DRIVE, #7C, Longboat Key, FL, 34228 | $1,175,000

Under contract-accepting backup offers. Oceanfront residence offering breathtaking views of the Gulf of Mexico, Sarasota Bay, and Longboat Key. Bask in the sun, inhale the fresh ocean air, and listen to the gentle waves. Life is truly better on the beach! Conveniently located mid-island, across from Bay Isles Shoppes and within a ten-minute drive to St. Armands Circle and Downtown Sarasota. This seventh-floor residence boasts a desirable southern exposure and glass-filled exterior, epitomizing coastal living. With every room offering stunning views, the 1, 468-square-foot floor plan includes two bedrooms, a great room, a dining room, and a kitchen with a breakfast room. Floor-to-ceiling windows adorn the bedrooms, while the wraparound balcony outside provides the perfect spot to soak in the coastal ambiance. Islands West, a 15-story resort-like community, rests on the Gulf of Mexico's crystal blue waters and white sands, offering amenities such as secure key fob entry, a social room with a library, two fitness rooms, a catering kitchen, heated pool and spa, dry sauna, outdoor patio, and grills. The building welcomes two pets, catering to pet lovers, and provides facilities for sports and outdoor enthusiasts, including a tennis court with pickleball lines, as well as storage for bikes, kayaks, and paddleboards. Nearby lifestyle amenities encompass Bay Isles Shoppes, featuring Publix, CVS, a post office, banking, dining options, Longboat Key tennis center, and Bayfront Park. Additionally, the residence is just four miles from the renowned St. Armands Circle and seven miles from Downtown Sarasota, offering top-tier shopping, dining, entertainment, and arts experiences. This home is truly an experience in coastal living.

Features

  • Elevator: Y
  • Heating: Electric
  • Cooling: Central Air
  • Levels: 15
  • Amenities: Cable TV, Clubhouse, Elevator(s), Fitness Center, Laundry, Lobby Key Required, Maintenance, Pool, Spa/Hot Tub, Tennis Court(s)
  • Rooms: 8
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Corridor Access
  • Complex: ISLANDS WEST
  • Year Built: 1972
  • Approx Sq. Feet: 1,468
  • Acreage: 3.37
  • Est. Taxes: $11,897
  • Condo Fee: $4,573 Quarterly
  • Lot Desc: In County, Near Golf Course, Near Marina, Near Public Transit, Sidewalk
  • View: Golf Course, Water
  • Elem. School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Booker High
  • Pet Policy: Dogs OK
  • Appliances: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
  • MLS#: A4602383
  • Days on Market: 96 days
  • Website: https://www.raveis.com
    /prop/A4602383/2525gulfofmexicodrive_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 6/28/2024 8:33:22 PM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-364-4000

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NMLS Mortgage Loan Originator ID 16953

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2525 Gulf Of Mexico DRIVE, #7C, Longboat Key, FL, 34228

$1,175,000

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 $940,000 $940,000 $940,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.875% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.838% 6.989% 6.850%
Monthly Tax Payment $991 $991 $991
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,333 $6,175 $8,253
Total Monthly Payment $7,449 $7,291 $9,369

* 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.