847 Spanish DRIVE S, Longboat Key, FL, 34228 | $1,100,000

Boater's & Beach lovers, this is your spot! Deep water marina, right at your door! Private beach access! Boat slip available for small yearly fee! 2/2/ & family room with 2 Murphy beds! 1 car carport. Very large paver patio off of the back with new electric controlled installed awning, has night lighting. Very wide open canal that leads to Sarasota Bay in under 2 minutes by boat. Gorgeous sunsets from the patio nightly! Outside shower for boaters! Easy care unit! Activities for residents in the clubhouse. Beautiful well maintained pool! Fine restaurants all around Longboat Key!

Features

  • Amenities: Cable TV, Clubhouse, Other, Pool, Shuffleboard Court, Vehicle Restrictions
  • Rooms: 3
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Other
  • Year Built: 1968
  • Garage: Driveway, Guest
  • Heating: Central, Electric, Reverse Cycle
  • Cooling: Central Air
  • Approx Sq. Feet: 1,399
  • Est. Taxes: $7,744
  • HOA Fee: $1,340 Monthly
  • Lot Desc: Corner Lot, Flood Insurance Required, In County, Near Golf Course
  • View: Water
  • Adult Communities: Yes
  • Pet Policy: Yes
  • Appliances: Bar Fridge, Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Ice Maker, Kitchen Reverse Osmosis System, Microwave, Range, Range Hood, Refrigerator, Trash Compactor, Washer, Wine Refrigerator
  • MLS#: A4613430
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /eprop/A4613430/847spanishdrives_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 7/1/2024 11:49:19 PM)
Listing courtesy of SAVVY AVENUE, LLC   Phone: 888-490-1268

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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
  • 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
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

847 Spanish DRIVE S, Longboat Key, FL, 34228

$1,100,000

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 $880,000 $880,000 $880,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 7.000% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.838% 7.141% 6.997%
Monthly Tax Payment $645 $645 $645
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,929 $5,855 $7,787
Total Monthly Payment $6,699 $6,625 $8,557

* 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.