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$1,198,000

Beds
1
Baths
1.0
sq ft
750

240 Sands Point Rd Unit 4201, Longboat Key, FL 34228

240 Sands Point Rd Unit 4201

LONGBOAT KEY, FL 34228

  • 1 day on market
Discover a rare opportunity to own a coveted CORNER A+ "Junior Suite" (50 sq. ft. larger than a standard Suite, giving this residence a private sleeping area for families) in Beachfront Building Four at the Inn on the Beach. This beautifully completely renovated Suite offers views of the Gulf of Mexico with its hypnotizing sunsets, providing a tranquil coastal retreat. To boot, you have a private bedroom and living area with a modern kitchen and bath. The expansive living space flows to a private balcony, perfect for sunsets and ocean breezes. The spacious, exquisite primary suite includes an en-suite bathroom for both sleeping areas. A sleeper sofa for guests, ensuring comfort and privacy. Currently, in the hotel program, the Suite generated $153K gross in 2022 —$162K gross in 2023— $103K gross in 2024 (income was lower in 2024 due to the hurricanes). Located on the south end of Longboat Key, the Inn on the Beach offers exclusive access to fine dining, championship golf, tennis, a full-service spa, fitness center and much more. Just minutes from renowned St. Armands Circle, this Suite is an ideal vacation getaway and investment property. DO NOT miss this exceptional opportunity—schedule your private tour today!

Details

Property type

Condominium

Est. home value

$930,990

Lot size

4.13 acres

Price per sq ft

$1,598

Year built

1982

Annual property taxes

$10,030.47

HOA

Yes

Price History

01/21/2025
StellarMLS

StellarMLS #A4636150

Listed
$1,198,000
+117.82%
02/17/2006
StellarMLS

StellarMLS #A292890

Sold
$550,000

Schools & Community

Elementary school: 

Southside Elementary

Middle school: 

Pine View School

High school: 

Pine View School

Community features: 

Gated, Fitness Center, Golf, Pool, Restaurant, Tennis Court(s)

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Centerstate Bank Na

Loan start date

February 2020

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

3.64%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Four Jays Holidays Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/22/2025 at 2:55 AM

Listing updated: 01/21/2025 at 9:54 PM

Listed by: Judy Kepecz-Hays, COLDWELL BANKER REALTY Phone #: (941) 366-8070

MLS: StellarMLS #A4636150

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