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$3,999,000

Beds
3
Baths
5.5
sq ft
3,727

3576 Fair Oaks Way, Longboat Key, FL 34228

3576 Fair Oaks Way

LONGBOAT KEY, FL 34228

  • 159 days on market
Truly a spectacular waterfront location, sitting on the point in Queens Harbour behind the gates of The Longboat Key Club impressively surrounded by 345 feet of water on Sarasota Bay! This is a dream come true for those seeking a luxurious and picturesque lifestyle. Here's a detailed overview of its highlights: Location, location, location: The 80-foot deep water dock is perfect for boating enthusiasts, offering easy access to the bay and beyond. Whether enjoying sunrise or sunset, or watching dolphins play, the patio provides an ideal spot to take in the breathtaking views. Flexible Floor Plan: The home features an open and flexible floor plan with high ceilings throughout, allowing for customization and personalization to suit the new owners' preferences. Primary Suite: Located on the first level is spacious in size with amazing bay views upon your wakening. It includes two large walk-in closets for ample storage and privacy and a large his & her bath. Another bedroom suite on the first level provides flexibility and could potentially serve as a second primary suite. A third bedroom suite on a mid-level, along with a media or bonus room on the second floor, offer additional living space and entertainment options. Outdoor Living: The western exposure ensures plenty of sunshine throughout the day, ideal for enjoying the pool, patio, and outdoor entertaining. High-End Features: The kitchen is appointed with high-end appliances, while custom hardware adorns each of the 5 ½ bathrooms, adding to the home's luxurious feel. Location: The community's location is highly desirable, with conveniences like a Publix mall just outside the gates. It's also a short distance from the renowned shops and restaurants of St. Armands Circle and offers easy access to the cultural amenities of Sarasota via the scenic Ringling Bridge. Membership Benefits: An added benefit of home ownership includes membership to the exclusive Bay Isles Beach Club. Additionally various levels of membership to The Longboat Key Club are available for purchase separately, offering access to its premier amenities of 45 holes of golf, 5 resturants. 20 Har Tru tennis courts, spa & fitness center. Overall, this property not only promises luxury and comfort but also a serene waterfront lifestyle in a prime location. It's truly a dream home for those looking to embrace the beauty and tranquility of waterfront living on Longboat Key.

Details

Property type

Single Family Residence

Est. home value

$3,509,448

Lot size

0.34 acres

Price per sq ft

$1,073

Year built

1990

Annual property taxes

$28,781.73

Monthly HOA fee

$733.33

Price History

07/17/2024
StellarMLS

StellarMLS #A4615459

Listed
$3,999,000

Schools & Community

Elementary school: 

Southside Elementary

Middle school: 

Booker Middle

High school: 

Booker High

Community features: 

Gated, Pool

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

The Northern Trust Co

Loan start date

December 2016

Original loan amount

$638,000

Est. remaining balance

Not provided

Interest rate

3.25%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Wilbur M Reynolds and Natalie Reynolds

Lender

Northern Trust Na

Loan start date

April 2008

Original loan amount

$800,000

Est. remaining balance

Not provided

Interest rate

5.19%

Loan type

Credit Line (Revolving), 10 year

Seller

Wilbur M Reynolds

Lender

Century Bank Fsb

Loan start date

December 2001

Original loan amount

$25,000

Est. remaining balance

Not provided

Interest rate

6.56%

Loan type

New Conventional

Seller

Wilbur M Reynolds

Lender

Suntrust Mortgage Inc

Loan start date

December 2001

Original loan amount

$910,000

Est. remaining balance

Not provided

Interest rate

6.64%

Loan type

New Conventional

Seller

Wilbur W Reynolds

Lender

Wa Mutual Bk F A

Loan start date

May 2000

Original loan amount

$900,000

Est. remaining balance

Not provided

Interest rate

8.23%

Loan type

Not Provided

Seller

Wilbur M Reynolds

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?

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Status: Active

Tomo last checked: 12/22/2024 at 7:10 PM

Listing updated: 09/10/2024 at 3:39 PM

Listed by: Linda Weber, PA, COLDWELL BANKER REALTY Phone #: (941) 383-6411

MLS: StellarMLS #A4615459

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