**Exceptional Opportunity and Luxurious Waterfront Living in Longboat Key**. Prime Value! This rare offering presents an incredible chance to own a piece of prime real estate in the highly sought after location on Longboat Key. The current property has recently experienced flooding, and the owner is pricing it strictly on renovation value, making it an unbeatable opportunity for savvy buyers. Home was listed at $1. 5m before water damage, take advantage and get a HUGE discount before insurance money comes through and home is reconstructed & price raised to match renovated status * Buy now and finish it with your design before the owner renovates and raises the price. Nestled in the serene beauty of Longboat Key, this exquisite 4-bedroom, 2-bathroom home can offer a blend of comfort, elegance, & coastal charm. Boasting deeded access to a private Gulf of Mexico beach and walking distance to renowned Harry's Restaurant & Deli, this property epitomizes the allure of waterfront living which was enhanced by a comprehensive renovation completed in 12/22.
This residence spans 132 linear ft of seawall and kayak launch, installed in 2020, ensuring both durability and aesthetic appeal. Recent enhancements include dual AC units and ductwork installed in 2020, featuring Nest thermostats for optimal climate control. The gourmet kitchen is a chef's delight, featuring solid wood cabinets with soft-close hardware, marble-look quartz countertops, and top-of-the-line GE Cafe stainless steel appliances with elegant copper accents. A propane gas range, copper stove hood, and farmhouse sink add sophistication and functionality to this culinary haven. Important practical upgrades to insure peace of mind include new plumbing and new electric with new panel featuring a commercial grade whole house surge protector.
Luxurious details abound, from new bathrooms had been artfully redesigned with Italian marble-look ceramic tiles, showcasing an alcove soaking tub in the master suite and a walk-in shower with a rain shower head in the guest bath.
The expansive 900-square-foot screened porch, adorned with new brick pavers and screens, invites outdoor relaxation and entertainment, with impact sliding glass doors seamlessly connecting indoor and outdoor spaces.
Upon entering, the formal living room impresses with vaulted ceilings, an electric fireplace set against a wall of stacked stone, and breathtaking water views. The master bedroom offers access to the screened porch through sliding glass doors, complemented by French doors leading to the backyard oasis.
The fourth bedroom had been repurposed by Closets by Design into a custom changing room, catering to modern lifestyles with clever storage solutions and elegant design.
In the family room, enjoy a second 60" remote-controlled electric fireplace, highlighted by a floor-to-ceiling split-face stone surround and marble mantle, creating a cozy ambiance for gatherings and relaxation.
Additionally, a tankless gas water heater ensures continuous hot water, while wood-look ceramic tile flooring flows effortlessly throughout the home. Security and aesthetics are seamlessly integrated with impact glass double garage doors by Raynor, offering both natural light and peace of mind. include a new irrigation system and a black aluminum fence enclosing the spacious backyard, with ample room for a future pool on the west side of the property.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $940,000 | $940,000 | $940,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $1,143 | $1,143 | $1,143 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,019 | $6,097 | $8,253 |
Total Monthly Payment | $7,287 | $7,365 | $9,521 |
* 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.