Welcome to Sutton Place, a beautifully maintained 3-bedroom, 2-bathroom residence located on the prestigious island of Longboat Key. This charming home offers 1, 198 sq. ft. of living space with access to Sarasota Bay. With water access, including a fishing pier and sailboat water, this property is perfect for those who enjoy a true waterfront lifestyle.
This welcoming community offers plentiful amenities, including deeded access to a Gulf front beach club with gated parking and a Beach Pavilion featuring restrooms, showers, picnic tables, and first-come chair storage for only $30/year. Sutton Place also includes two heated pools, BBQ grills, social activities, a fishing dock, bike racks, and an enclosed storage room. For boating enthusiasts, there are boat slips available on a first-come, first-serve basis for a nominal $300/year, along with kayak storage and a kayak lift and launch. Residents also enjoy a clubhouse, community laundry, and one deeded covered parking spot, plus ample guest parking.
The residence’s mid-key location offers easy access to Bayfront Park, a local favorite for outdoor activities. The park features a playground, basketball and shuffleboard courts, a multi-purpose open field, pickleball and tennis courts, picnic tables, and a yoga lawn—providing endless opportunities for recreation and relaxation.
Longboat Key offers an unparalleled lifestyle, featuring pristine beaches, championship golf courses, tennis facilities, nature parks, and scenic biking and walking paths. Residents can indulge in world-class dining, boutique shopping, and cultural attractions just minutes away in St. Armands Circle and downtown Sarasota.
With easy access to the best of Longboat Key and just a short distance from the beach, this property offers the perfect opportunity to enjoy island living at its finest.
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Our Executive Mortgage Banker:
Our Insurance Division:
$479,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $383,200 | $383,200 | $383,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $544 | $544 | $544 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,549 | $2,547 | $3,286 |
Total Monthly Payment | $3,168 | $3,166 | $3,905 |
* 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.