5919 Gulf Of Mexico DRIVE, Longboat Key, FL, 34228 | $12,500,000

Experience the ultimate in beachfront living with this extraordinary 1. 6-acre estate on Longboat Key, offering a rare 156 feet of direct frontage along the Gulf of Mexico. Embrace breathtaking water views and spectacular sunsets from every room and multiple balconies. The grand living room features soaring cathedral ceilings and dramatic walls of glass that frame the elevated pool deck with an infinity-edge pool, spa, and endless Gulf views beyond. A private, gated entrance and stately drive lead to a dual staircase entry, setting a tone of sophistication upon arrival. Inside, neutral finishes throughout the approximately 5, 600 square feet of living space provide an easy canvas for personalization. Recent upgrades, including a fully modernized electrical system with enhanced lighting, a new HVAC system, an updated dining room, freshly painted interiors and exterior railings, refinished balconies, high-efficiency washers and dryers, and a state-of-the-art entertainment system ensure the home is up-to-date in both style and technology. Garage space under the home can accommodate up to nine vehicles. This solidly built concrete block home did not sustain any damage from recent storms. Don’t miss this opportunity to own this exceptional beachfront retreat, offering breathtaking views, serene privacy, and refined luxury. The canal side property with boat lifts and dock directly across the street is also for sale offering the opportunity to own both properties beachside to bayside.

Features

  • Elevator: Y
  • Rooms: 8
  • Bedrooms: 5
  • Baths: 6 full
  • Lot Size: 150 x 459
  • Laundry: Inside, Laundry Room, Other, Upper Level
  • Style: Custom, Elevated, Traditional
  • Year Built: 1998
  • Garage: 9-car Boat, Circular Driveway, Covered, Garage Faces Rear, Ground Level, Guest, Off Street, Oversized, Under Building
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 5,596
  • Acreage: 1.58
  • Lot Size: 150 x 459
  • Est. Taxes: $126,318
  • Lot Desc: CoastalConstruction Control Line, Flood Insurance Required, FloodZone, City Lot, Near Marina, Oversized Lot, Private
  • View: Pool, Trees/Woods, Water
  • Elem. School: Anna Maria Elementary
  • Middle School: W.D. Sugg Middle
  • High School: Bayshore High
  • Pool: Deck, Gunite, Heated, Lighting, Pool Sweep
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Refrigerator, Washer
  • MLS#: A4628022
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /eprop/A4628022/5919gulfofmexicodrive_longboatkey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/13/2024 10:47:10 PM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-383-7591

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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5919 Gulf Of Mexico DRIVE, Longboat Key, FL, 34228

$12,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $10,000,000 $10,000,000 $10,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.250% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.321% 6.360% 6.956%
Monthly Tax Payment $10,527 $10,527 $10,527
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $64,860 $61,572 $88,491
Total Monthly Payment $75,511 $72,223 $99,142

* 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.