***NO AGENT OR PROSPECTIVE BUYER IS ALLOWED ON THE PROPERTY WITHOUT AN APPOINTMENT WITH THE LISTING AGENT (48HRS NOTICE REQUIRED) PROOF OF FUNDS REQUIRED PRIOR TO APPOINTMENT SCHEDULING***. Nestled on the pristine shores of Long Boat Key, this exclusive beachfront property offers a rare opportunity to build your dream luxury home amidst the breathtaking beauty of the Gulf of Mexico. With direct access to the sugary sands and azure waters, this parcel of land (40, 000 sq. ft. / 0. 92 acres) promises an unparalleled coastal living experience. Spanning an expansive stretch of coastline, the property boasts uninterrupted views of the shimmering Gulf waters, where fiery sunsets paint the sky in hues of orange and pink, creating a mesmerizing backdrop for tranquil evenings spent by the water's edge. The land is currently being used as a vacation retreat consisting of eight rental cottages and is zoned for its next chapter as a single-family home. Whether you envision a sleek modern masterpiece, a timeless Mediterranean villa, or a charming beach retreat, the possibilities are endless on this prime piece of real estate. Imagine waking up to the sound of gentle waves lapping against the shore and stepping out onto your own private oasis, where swaying palm trees and sea breezes evoke a sense of serenity and relaxation. Spend your days lounging on the beach, soaking up the sun, or partaking in water sports such as paddleboarding, kayaking, or sailing right from your doorstep. Whether you seek a peaceful retreat to escape the hustle and bustle of everyday life or an exquisite setting to entertain family and friends, this beachfront gem on Long Boat Key provides the perfect canvas for creating lifelong memories in an idyllic coastal paradise. Located in one of Florida's most beautiful coastal communities, this Long Boat Key property offers not only unparalleled natural beauty but also convenient access to upscale dining, shopping, and recreational amenities. Indulge in world-class cuisine at nearby restaurants, tee off at championship golf courses, or explore the rich cultural offerings of Sarasota, just a short drive away. (Sarasota/Bradenton International Airport-16 miles; St. Armand’s Circle-10 miles; Access to I-75 N/S-23 miles; and Tampa International Airport-57 miles)
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Our Executive Mortgage Banker:
Our Insurance Division:
$15,000,000
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 | $12,000,000 | $12,000,000 | $12,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $76,837 | $76,837 | $105,359 |
Total Monthly Payment | $76,962 | $76,962 | $105,484 |
* 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.