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Under contract-accepting backup offers. WOW, REDUCED PRICE AND MOTIVATED SELLER on this rarely available waterfront condominium in the coveted and gated Fairway Bay enclave of Bay Isles on Longboat Key, with beautiful unobstructed Bay, Channel, and Downtown Sarasota vistas, effortless access to the Bay from your deeded 40' boat dock (which can be rented out), and beach access at the private Bay Isles Beach Club. You can have it all in this spacious townhome with 2 bedrooms, 2. 5 baths plus large bonus room! Featuring an open and bright ambiance which unfolds as you enter the front door to find a soaring 2-story ceiling, multiple skylights, and a neutral coastal tone. The main living space is centered around unobstructed water views, a marble-surround fireplace, large living room, dining room that is currently used as a sitting area, and seamless flow to the lovely light-filled lanai overlooking the tranquil channel and your private dock just steps away. The updated kitchen blends style and function with granite counters and backsplash, stainless appliances, glass-front illuminated cabinetry, a pantry, and a cheerful dining area framed by large windows. Upstairs, the flexible floor plan provides 2 private suites with ensuite baths which are both ideal for a primary or guest suite. The current primary suite features a large bedroom, walk-in closet, and an updated ensuite bath with glass surround shower and granite countertop. The split plan provides ideal privacy for the guest suite/office which boasts a wide picture window capturing the shimmering waterway, a generous walk-in closet, a bright bath with skylight, dual sinks, bathtub and tiled finishes. A versatile lower level includes a spacious air-conditioned bonus room for storage, a home gym or workshop, and parking for 2 cars, with a Garrison flood-protection system for extra peace of mind. Recent updates include new interior paint. Residents of Fairway Bay enjoy a refined resort lifestyle with 24-hour gated security, 2 heated pools, tennis and pickleball courts, a fitness center, a clubhouse for social gatherings, on-site management, and generous guest parking. As part of Bay Isles, owners also have deeded access to the private Bay Isles Beach Club on the Gulf of Mexico plus optional membership to the Longboat Key Club. Enjoy morning breezes over the water, dazzling sunsets, canopied walking trails, and the freedom to explore Sarasota Bay directly from your dock define an unmatched blend of serenity and coastal recreation. Life on Longboat Key offers effortless access to St. Armands Circle, Lido Beach, downtown Sarasota, and Anna Maria Island, creating the perfect balance between island tranquility and sophisticated coastal living.
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Our Executive Mortgage Banker:
Our Insurance Division:
$785,000
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $628,000 | $628,000 | $628,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.431% | 5.648% |
| Monthly Tax Payment | $406 | $406 | $406 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,715 | $3,867 | $5,090 |
| Total Monthly Payment | $4,213 | $4,365 | $5,588 |
* 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.