Under contract-accepting backup offers. NEW LIST PRICE!!! NOW IS THE TIME, if Island living has been part of a lifelong dream, then you need to live on Longboat Key, one of the best islands rated by Travel & Leisure magazine and this is the PERFECT HOME TO TURN YOUR VISION INTO REALTY. This custom-built home offers convenience, exclusivity, privacy and is situated on deep water canal cul de sac street in the southernmost Harbor area of Bay isles behind 2 gates, perfect for a large family. It has been renovated to include the most desired features by todays discerning Buyers. It begins with the open floor plan and totally renovated chef style kitchen with top of line ss appliances by Wolf, Bosch, Sub-Zero and dual dishwashers by KitchenAid. Now add the safety features that make the home more hurricane resilient with impact windows & whole house generator. Located on over 1/4 acre, protected, deep water south facing lot on Sarasota Bay & built at an elevation over 12' exceeding the required base flood elevation. Say yes to a boater’s paradise with your recently added 100' of trek deck and dock with 10, 000lb. boat lift that previously accommodated a 27’ Grady White cruiser. You're within minutes to easy access of Gulf of Mexico either via New Pass or Longboat Key Pass with no fixed bridges to hamper your voyage whether going fishing or just on a sunset cruise. The lot is lushly landscaped and meticulously cared for while the saltwater pool and spa have been recently refinished, the pool deck has newly added shell stone pavers. Now that you've been impressed with the curb appeal of this home, it is time to enter and be greeted by the soaring 24 ft. step ceiling in the foyer and main living area that is complimented with accented stone walls and floor to ceiling windows that showcase views of the pool and waterway. The chef’s kitchen with a large island, extensive wood cabinetry has easy access to the 22’x28’ Dining Rm/Family Rm combination that makes entertaining family and friends easy. The Breakfast Nook is perfect for more casual intimate dining for the owner or on those perfect days move to the 15’x27’ screened in porch and outdoor kitchen taking advantage of the view. Hosting those overnight Guests is no problem with this 5/6 bedroom and 5 ½ bath home. 3 of the Guest Bedrooms are En Suite while 2 share a full bath, each of these bedrooms are on different levels achieving the ultimate in privacy for your guests. The Owners’ Master on main level is oversized with a sitting area, the Master Bath has his/her vanities, a separate perfect makeup vanity that conceals the disappearing tub, and his/hers closets with wood organizers. Beautiful engineered hardwood flooring is on the main level, 6” baseboard and multi-piece crown molding in the main living area. This 3-level home offers great views of the Bay from the different decks and porches plus provision has been made for a future elevator, just add all the electro-mechanicals. Most of the key infrastructure items like a 5-year-old tile roof, A/C systems have recently been replaced and the exterior of home has been freshly painted. All it needs is a new family to enjoy all the benefits of the meticulous and thoughtful previous owners. Conveniently located at the Southern end of LBK with easy access to St. Armands and Downtown Sarasota. Longboat Key Club Resort membership offers fine dining, tennis, 2 golf courses & other benefits. Bay Isles gives you private beach access to the Gulf of Mexico, parking & facilities.
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William Raveis Mortgage, LLC
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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 | $4,399,200 | $4,399,200 | $4,399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 6.258% | 6.201% |
Monthly Tax Payment | $3,256 | $3,256 | $3,256 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $26,730 | $26,730 | $37,123 |
Total Monthly Payment | $30,111 | $30,111 | $40,504 |
* 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.