Welcome to 603 Cedars East – a vibrant fitness and tennis resort-like community nestled between the Sarasota Bay Intracoastal Waterway and the Gulf of Mexico on the picturesque island of Longboat Key, just a short walk from sugary white beaches. This turnkey furnished townhouse spans three levels and features an open floor plan with two bedrooms, two baths, and an oversized attached garage. Meticulously maintained by its current owners, it boasts a new roof installed in 2022 and newer HVAC (11/2022). With a 14-day booking policy designed to maximize occupancy and rental income, this property presents an excellent opportunity for generating rental revenue. This townhome, sold turnkey furnished, is ready for your next adventure! Whether you're seeking a permanent island home, a second home, or an investment opportunity, this community allows short-term rentals (14 days minimum) with on-site management ready to assist. The first floor features a long one-car garage with ample storage space. Ascending to the second floor, you're welcomed into a spacious great room with a balcony overlooking lush foliage for added privacy. The efficient kitchen is equipped with stainless steel appliances, plenty of wood cabinetry, glass tile backsplash walls and granite countertops, perfect for the home chef. The primary bedroom on the third floor offers generous space, ample closets, and a large bath with double sinks. The second guest bedroom is also on the third level, conveniently located near the second full bath. Other features include a stackable washer and dryer and laundry room closet for extra convenience, tile and wood flooring with no carpeting, ceiling fans, neutral decor, an extra storage area in the balcony and more. Please see interior video. Cedars East features a Jr. Olympic pool, perfect for lap swimming or pure relaxation. Idyllic boardwalks woven through picturesque mangroves connect the different sections of the community, and a bayside fishing pier is available to all residents without additional membership fees. For those seeking more amenities, the Cedars East Tennis Club and Resort, available with extra membership fees, boasts fantastic tennis facilities, including 10 Har-Tru courts, a pro-shop with professional instruction, daily clinics, and more. Full club membership includes 24/7 access to the Cedars fitness center with modern equipment, bicycles for use, and a seasonal tiki bar by the pool. Cedars East is conveniently located near outstanding retail outlets and eateries, including the world-famous shopping and dining of St. Armands Circle and the arts and entertainment of Sarasota. All that's missing in this turnkey masterpiece is you. Bring your personal belongings and step right into the lap of tranquility to start savoring every moment.
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Our Executive Mortgage Banker:
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$600,000
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 | $480,000 | $480,000 | $480,000 |
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 | $569 | $569 | $569 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,193 | $3,190 | $4,116 |
Total Monthly Payment | $3,854 | $3,851 | $4,777 |
* 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.