4900 Gulf Of Mexico DRIVE, #PH5, Longboat Key, FL, 34228 | $800,000

Under contract-accepting backup offers. Views are priceless and incredibly breathtaking! Penthouse along the bay with million-dollar water views of Sarasota Bay and convenient deeded beach access, rare pet-friendly, two-pet community, two marinas with boat slips, and across from one of two pools, the pickleball/tennis courts and clubhouse. Potential rental investment/second home opportunity: This penthouse may be leased two times a year with a one-month minimum. Prime location mid-island and ideally situated providing spectacular sunrises from the living room and both bedrooms, as well as breathtaking sunsets from the kitchen and front entry. This two-bedroom and two-bath penthouse with plenty of storage, also features an amenity-rich community: two marinas with a boat slip/Jetski slips (28 slips/waitlist), convenient deeded beach access and two public beach access points, two pickleball/tennis courts, two heated pools, kayaking/kayak racks, two saunas, fitness room, meeting room, two community fire pits, community grills, shuffleboard, bike racks, clubhouse with kitchen, library, a half mile of waterfront trails and elevators. The kitchen features granite countertops and stainless-steel appliances as well as a reverse osmosis system for drinking water at the kitchen sink. This penthouse unit is unique from the other units in that the prior owner opened the kitchen to have water views of the Sarasota Bay and an open view to the dining and living rooms. There are water views from every room in this penthouse. The washer and dryer are Bosch and conveniently in the owner’s closet. The second bedroom features a Murphy bed and lots of built-in closets for clothing and storage. Windward Bay is convenient to St. Armands Circle, downtown Sarasota, championship golf courses, pickleball and tennis courts, boating, fishing, the beach, award-winning restaurants, shopping, Publix, coffee shops and music venues. Google Windward Bay location to see the surrounding area. This Windward Bay community has undergone improvements in the last couple of years and features, among other items, new roofs on all of the mid-rises and in December 2023 for this Building B, HVAC enhancement, new catwalks, new railings and new exterior paint. See complete list under documents. Phase I Milestone Inspection completed and passed so no need for Phase II Milestone Inspection and certified for another 10 years. Reserve study also completed. Be sure to tour in person to experience this amazing opportunity to own on Longboat Key and be close enough to the new St. Regis Resort to enjoy their beach tiki bar and restaurants. Easy to show with convenient showing times.

Features

  • Elevator: Y
  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 4
  • Amenities: Cable TV, Clubhouse, Elevator(s), Fitness Center, Laundry, Pickleball Court(s), Pool, Recreation Facilities, Sauna, Shuffleboard Court, Storage, Tennis Court(s), Trail(s)
  • Rooms: 6
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Inside, Laundry Closet
  • Complex: WINDWARD BAY AMD
  • Year Built: 1975
  • Common Charge: $1,303 Monthly
  • Approx Sq. Feet: 1,312
  • Est. Taxes: $10,300
  • Condo Fee: $292 Monthly
  • Lot Desc: FloodZone, Landscaped, Level, Near Golf Course, Near Marina, Sidewalk
  • View: Pool, Tennis Court, Water
  • Elem. School: Anna Maria Elementary
  • Middle School: W.D. Sugg Middle
  • High School: Bayshore High
  • Pet Policy: Cats OK, Dogs OK, Number Limit, Size Limit, Yes
  • Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Ice Maker, Kitchen Reverse Osmosis System, Microwave, Range, Refrigerator, Washer, Water Purifier
  • MLS#: A4607618
  • Days on Market: 34 days
  • Website: https://www.raveis.com
    /prop/A4607618/4900gulfofmexicodrive_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 5/26/2024 8:32:09 PM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-364-4000

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

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
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

4900 Gulf Of Mexico DRIVE, #PH5, Longboat Key, FL, 34228

$800,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $640,000 $640,000 $640,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.500% 7.125% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 8.051% 7.295% 6.623%
Monthly Tax Payment $858 $858 $858
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,475 $4,312 $5,531
Total Monthly Payment $5,425 $5,262 $6,481

* 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.