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$1,950,000

Beds
4
Baths
4.5
sq ft
2,900

370 Gulf Of Mexico Dr Unit 432, Longboat Key, FL 34228

370 Gulf Of Mexico Dr Unit 432

LONGBOAT KEY, FL 34228

  • 245 days on market
    • Price drop $150,000↓
PENTHOUSE. Delight in scenic views of Sarasota Bay in this custom-designed 4-bedroom, 4.5-bathroom in the gated resort-style Tangerine Bay community on the southernmost tip of Longboat Key. The residence is just minutes St. Armands Circle’s array of restaurants and boutiques and beaches and a short drive to vibrant downtown Sarasota. Filled with abundant natural light, the spacious condominium features soaring ceilings, great room with gas fireplace, marble gallery for displaying artwork, and private gated courtyard. All bedrooms are ensuite. Sliding glass doors in the primary suite and great room open to a tiled terrace where you can start your day with a cup of coffee while watching the sunrise. An additional west-facing terrace boasts stunning sunset views. The well-equipped kitchen includes stone counters, breakfast bar, pantry and morning room. There is also a fully enclosed two-car garage with plenty of storage space as well as two AC units. Tangerine Bay boasts beautifully manicured walking paths amid lush tropical greenery as well as many amenities, including a pool with waterfalls, fitness center, tennis and pickleball courts, plus a day boat dock and fishing pier. Residents also have the option of joining the Bay Isles Beach Club on the Gulf of Mexico.

Details

Property type

Condominium

Est. home value

$1,821,070

Lot size

Unknown

Price per sq ft

$673

Year built

1994

Annual property taxes

$8,635.24

HOA fee

$8,700

Price History

05/24/2024
StellarMLS

StellarMLS #A4588006

Price change
$1,950,000
-7.14%
05/04/2024
StellarMLS

StellarMLS #A4588006

Listed
$2,100,000
05/04/2024
StellarMLS

StellarMLS #A4588006

Removed
$2,100,000

Schools & Community

Elementary school: 

Southside Elementary

Middle school: 

Booker Middle

High school: 

Booker High

Community features: 

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

Negotiation Insights

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

Seller could get up to

$1,467,179
Asking price
$1,950,000
Closing costs (~8% of asking)
-$156,000
Est. remaining loan balance
-$326,821
Cash to seller
$1,467,179

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Suntrust Mortgage Inc

Loan start date

September 2015

Original loan amount

$400,000

Est. remaining balance

$326,821

Interest rate

3.91%

Loan type

New Conventional, 30 year

Seller

Mary Elizabeth Murrin Colbert

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: 07/05/2024 at 9:30 PM

Listing updated: 06/06/2024 at 11:27 AM

Listed by: Janet Walter, MICHAEL SAUNDERS & COMPANY Phone #: (941) 383-7591

MLS: StellarMLS #A4588006

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