6877 Gulf Of Mexico DRIVE, Longboat Key, FL, 34228 | $10,400,000

Experience the pinnacle of coastal luxury at this magnificent 4 bedroom beachfront residence on Longboat Key. Nestled along the pristine shores of the Gulf of Mexico, this remarkable home offers the perfect blend of contemporary style, relaxation, and elegance. With breathtaking views of the Gulf, every evening becomes a masterpiece as you watch the sun slowly dip below the horizon from the comfort of your private oasis. Immerse yourself in the heated beachfront pool or soak in the hot tub, letting the soothing sounds of the waves envelop you. This residence boasts a spacious 4-car garage, providing ample space for your vehicles and watercraft, ensuring you're always ready for a day of adventure on the water. Inside, the open and airy living spaces are thoughtfully designed with an emphasis on maximizing views and creating a warm, inviting atmosphere. The gourmet kitchen, adorned with top-of-the-line appliances and a spacious island, invites culinary creativity, whether you're whipping up a romantic dinner for two or hosting a grand celebration. With five beautifully appointed bedrooms, there's ample room for family and friends to share in this coastal paradise. The master suite is a sanctuary of comfort and style, featuring its own private balcony for you to savor the colors of the sunset and the gentle ocean breeze. The ensuite bathroom offers a spa-like experience, complete with a luxurious soaking tub. But the real magic lies just beyond your doorstep. Step onto the sugar-white sands of Longboat Key, where you can take long walks along the beach, collecting seashells and creating memories. The beach is your backyard, inviting you to swim, sunbathe, or simply enjoy the tranquil sounds of the sea. Longboat Key offers a unique blend of natural beauty and cultural delights, from exploring nearby parks and wildlife preserves to savoring world-class cuisine at local restaurants. Whether you're a nature enthusiast, an art lover, or a gourmet connoisseur, this location offers something for everyone. This 5-bedroom beachfront haven on Longboat Key isn't just a home; it's an invitation to a life of luxury, where every day is filled with breathtaking sunsets, beachside strolls, and romantic moments. Discover the ultimate coastal lifestyle and create unforgettable memories in this exquisite retreat. " Bedroom Closet Type: Walk-in Closet (Primary Bedroom).

Features

  • Rooms: 8
  • Bedrooms: 5
  • Baths: 4 full / 1 half
  • Lot Size: 102 x 315
  • Laundry: Laundry Room
  • Style: Custom
  • Year Built: 1998
  • Garage: 5-car
  • Heating: Central, Zoned
  • Cooling: Central Air, Zoned
  • Approx Sq. Feet: 4,820
  • Acreage: 0.74
  • Lot Size: 102 x 315
  • Est. Taxes: $101,924
  • Lot Desc: CoastalConstruction Control Line, Flood Insurance Required
  • View: Water
  • Pool: Gunite, Heated, In Ground
  • Pet Policy: Yes
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range Hood, Refrigerator, Washer
  • MLS#: A4595511
  • Days on Market: 114 days
  • Website: https://www.raveis.com
    /eprop/A4595511/6877gulfofmexicodrive_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 5/11/2024 3:10:26 AM)
Listing courtesy of RE/MAX ALLIANCE GROUP   Phone: 941-954-5454

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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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6877 Gulf Of Mexico DRIVE, Longboat Key, FL, 34228

$10,400,000

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 $8,320,000 $8,320,000 $8,320,000
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 $8,494 $8,494 $8,494
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $56,757 $55,353 $74,202
Total Monthly Payment $65,376 $63,972 $82,821

* 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.