LOCATION, LOCATION, LOCATION!!! This 1st floor condo has THE best location in all of Longboat Harbour. With unobstructed million-dollar views of Sarasota Bay, Longboat Harbour is one of the few gated properties on the island and is a beach-to-bay property. Watch the wildlife in the bay just out your back door or go across the street to your privately deeded beach on the Gulf. This condo community has it all: four property pools, club house with workout room, sauna, locker rooms, billiards, library, meeting room, art studio, wood shop, shuffleboard, putting green, kayak storage, kayak launch, boat docks, fishing pier, fish cleaning station, gas BBQs, and tennis/pickle ball courts. Dock your boat less than 50 feet outside your back door - annual dock fees are only about $400 year on a first come basis. An assigned covered parking space is just outside the front door with guest parking close by. You would be hard pressed to find the same situation anywhere on the island of Longboat Key, at any price! Inside, you will find 2 bedrooms with unobstructed water views, 2 nicely updated bathrooms, beautiful tile flooring, new fans, and fresh dove-gray paint with light trim.
The lanai connects the two bedrooms, where you can sit and watch all the activity in the bay. Most mornings, the water is like glass, and you can see every disturbance from dolphins, manatee, or jumping fish. You can watch swans swim next to the mangrove island a short distance away. At sunrise, every room is filled with natural light from the east. Since this is one of the premier corner units, it has more square footage and an additional southern wall of windows. The first-floor location offers the ability to open the back sliding doors and be part of any activity happening in the bay.
Of all the residences at Longboat Harbour, only a handful has similar water views. The gated beach property across the street has parking, rest rooms, outdoor showers, chair storage, and a car wash area. The maintenance staff takes impeccable care of the property. Luckily, the storm surge from neither Helene nor Milton reached any of the residential buildings in the Longboat Harbor community, so no water entered this unit.
The island of Longboat Key is mostly private. Lovely Anna Maria Island, about 6 miles to the north, has many public beaches, shops, and restaurants. Five miles to the south is St. Armand’s Circle and Lido Key, with many beaches, shops and restaurants. Longboat Key itself has a dozen great restaurants, including a Chart House, Publix grocery store, golf courses, banks, post office, Ace hardware, parks, churches, and several small shopping centers. The recent opening of the St Regis Resort on Longboat Key brings additional amenities, beauty, and awareness to an already exquisite area.
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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 | $568,000 | $568,000 | $568,000 |
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 | $818 | $818 | $818 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,779 | $3,775 | $4,790 |
Total Monthly Payment | $4,689 | $4,685 | $5,700 |
* 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.