Under contract-accepting backup offers. Available to move in right away. Breathtaking bayfront views from this second-floor, two-bedroom, two-bath condominium in Longboat Key’s desirable Sutton Place with terrific deeded beach and bay access and amenities. This charming midrise home offers a dining room and great room combination that is bright and inviting with an abundance of natural light from sliding glass doors that lead to the spacious balcony overlooking a pristine area of Sarasota Bay. The ample kitchen boasts stainless steel appliances and a pass-through window ideal for entertaining guests. The primary bedroom is spacious and offers an abundance of closet space, including a linen closet, extra-large built-in closet, as well as a walk-in closet that is ideal for an owner’s closet. The second bedroom is roomy and bright. Enjoy a convenient covered parking space outside your unit and two elevators that provide easy access. Well maintained and sold mostly furnished, this condominium can be ready to move right in. Sutton Place is a gulf-to-bay community, providing deeded access to the marina and gulf beach. Spend your days enjoying the beach pavilion with picnic tables, restrooms, showers and secure gated parking. There are even lockers for your beach chairs and car wash stations for added convenience. On the bayside, the community offers two swimming pools, one on the waterfront and another by the fully equipped clubhouse. Rentals are permitted after one year of ownership, with a one-month minimum rental, allowed twice annually. The community is pet friendly, allowing two pets, with a maximum weight of 25 pounds. Other exceptional amenities include three barbecue zones, kayak storage and launch facilities, and boat slips for the boating enthusiast. Ideally situated, Sutton Place allows easy access to a variety of dining options at either end of the key. Explore nearby parks, shops, and the cultural gems of Longboat Key and Anna Maria Island, all just minutes away. For even more dining, shopping, and entertainment, St. Armands Circle and downtown Sarasota are just a short drive to the south.
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Our Executive Mortgage Banker:
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$550,000
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 | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $566 | $566 | $566 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,927 | $2,924 | $3,711 |
Total Monthly Payment | $3,585 | $3,582 | $4,369 |
* 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.