ONE OF BEST PRICED HARBORSIDE UNITS THAT'S BEEN BEAUTIFULLY RENOVATED & READY TO ENJOY - PLUS NO STORM DAMAGE! Your waterfront sanctuary in picturesque Longboat Key's Fairway Bay awaits! Magazine and model worthy - this oasis was designed by a respected interior designer to create the perfect coastal retreat. Discriminating buyers will find immediate gratification in this sublime 2 bed 2 bath - as all the work has been done! Private water views of both Sarasota Bay and downtown offer the perfect spot to unwind and enjoy the vibe of Longboat Key's tropical lifestyle. Truly a luxurious location - with a private beach club on the Gulf of Mexico as well as the highly anticipated St. Regis just steps away. High expectations? You'll appreciate the finishes and upgrades created to exude the feeling of water, sand and sky. The gourmet kitchen offers quartz counters, stainless appliances and classic cabinetry - the perfect spot for cocktails and a small dinner party. The open concept living area offers options for dining and lounging - with beautiful driftwood toned floors and views to the patio and water. Retreat to the generous primary bedroom - with access to the terrace for continious day and evening bay vistas. An elegant bath is waiting with coastal inspired glass shower, double vanities, counters and lighting. Guests have their own spacious suite with everything needed for their stay. Known for its upscale amenities, Bay Isles residents in Fairway Bay enjoy a clubhouse, fitness center, pool and spa, tennis courts, 24-hour gated security and a private beach club for residents. The prestigious Longboat Key Club has golf, marina and social memberships available and the upcoming St. Regis resort also has initial beach club offerings. Your opportunity is now!
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Our Executive Mortgage Banker:
Our Insurance Division:
$749,990
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 | $599,992 | $599,992 | $599,992 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $531 | $531 | $531 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,992 | $3,942 | $5,060 |
Total Monthly Payment | $4,615 | $4,565 | $5,683 |
* 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.