540 Harbor Point ROAD, Longboat Key, FL, 34228 | $5,999,000

DRAMATIC PRICE ADJUSTMENT !!! NOW IS THE TIME, if Island living has been part of a lifelong dream, then you need to live on Longboat Key, one of the best islands rated by Travel & Leisure magazine and this is the PERFECT HOME TO TURN YOUR VISION INTO REALTY. This custom-built home offers convenience, exclusivity, privacy and is situated on deep water canal cul de sac street in the southernmost Harbor area of Bay isles behind 2 gates, perfect for a large family. It has been renovated to include the most desired features by todays discerning Buyers. It begins with the open floor plan and totally renovated chef style kitchen with top of line ss appliances by Wolf, Bosch, Sub-Zero and dual dishwashers by KitchenAid. Now add the safety features that make the home more hurricane resilient with impact windows & whole house generator. Located on over 1/4 acre, protected, deep water south facing lot on Sarasota Bay & built at an elevation over 12' exceeding the required base flood elevation. Say yes to a boater’s paradise with your recently added 100' of trek deck and dock with 10, 000lb. boat lift that previously accommodated a 27’ Grady White cruiser. You're within minutes to easy access of Gulf of Mexico either via New Pass or Longboat Key Pass with no fixed bridges to hamper your voyage whether going fishing or just on a sunset cruise. The lot is lushly landscaped and meticulously cared for while the saltwater pool and spa have been recently refinished, the pool deck has newly added shell stone pavers. Now that you've been impressed with the curb appeal of this home, it is time to enter and be greeted by the soaring 24 ft. step ceiling in the foyer and main living area that is complimented with accented stone walls and floor to ceiling windows that showcase views of the pool and waterway. The chef’s kitchen with a large island, extensive wood cabinetry has easy access to the 22’x28’ Dining Rm/Family Rm combination that makes entertaining family and friends easy. The Breakfast Nook is perfect for more casual intimate dining for the owner or on those perfect days move to the 15’x27’ screened in porch and outdoor kitchen taking advantage of the view. Hosting those overnight Guests is no problem with this 5/6 bedroom and 5 ½ bath home. 3 of the Guest Bedrooms are En Suite while 2 share a full bath, each of these bedrooms are on different levels achieving the ultimate in privacy for your guests. The Owners’ Master on main level is oversized with a sitting area, the Master Bath has his/her vanities, a separate perfect makeup vanity that conceals the disappearing tub, and his/hers closets with wood organizers. Beautiful engineered hardwood flooring is on the main level, 6” baseboard and multi-piece crown molding in the main living area. This 3-level home offers great views of the Bay from the different decks and porches plus provision has been made for a future elevator, just add all the electro-mechanicals. Most of the key infrastructure items like a 5-year-old tile roof, A/C systems have recently been replaced and the exterior of home has been freshly painted. All it needs is a new family to enjoy all the benefits of the meticulous and thoughtful previous owners. Conveniently located at the Southern end of LBK with easy access to St. Armands and Downtown Sarasota. Longboat Key Club Resort membership offers fine dining, tennis, 2 golf courses & other benefits. Bay Isles gives you private beach access to the Gulf of Mexico, parking & facilities.

Features

  • Rooms: 15
  • Bedrooms: 5
  • Baths: 5 full / 1 half
  • Laundry: Inside, Laundry Room
  • Style: Custom, Elevated
  • Year Built: 2000
  • Garage: 3-car
  • Heating: Electric, Zoned
  • Cooling: Central Air, Zoned
  • Approx Sq. Feet: 4,626
  • Acreage: 0.34
  • Est. Taxes: $37,640
  • HOA Fee: $3,420 Annually
  • Lot Desc: Cul-De-Sac, Flood Insurance Required, Landscaped, Near Golf Course, Near Marina
  • View: Water
  • Elem. School: Southside Elementary
  • Middle School: Pine View School
  • High School: Riverview High
  • Pool: Deck, Gunite, Heated, In Ground, Pool Sweep, Salt Water
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4584408
  • Days on Market: 188 days
  • Website: https://www.raveis.com
    /eprop/A4584408/540harborpointroad_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 5/13/2024 9:02:33 AM)
Listing courtesy of FINE PROPERTIES   Phone: 941-782-0000

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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

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540 Harbor Point ROAD, Longboat Key, FL, 34228

$5,999,000

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 $4,799,200 $4,799,200 $4,799,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 7.000% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.851% 7.103% 7.041%
Monthly Tax Payment $3,137 $3,137 $3,137
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $32,739 $31,929 $42,802
Total Monthly Payment $36,001 $35,191 $46,064

* 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.