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$850,000

Beds
2
Baths
2.0
sq ft
1,312

4600 Gulf of Mexico Dr Unit 203, Longboat Key, FL 34228

4600 Gulf of Mexico Dr Unit 203

LONGBOAT KEY, FL 34228

  • 90 days on market
    • Price drop $25,000↓
Seller wants to get SOLD...$25,000 Price Reduction!!! This beautifully updated Bay front condo combines modern, minimalist design with high-end finishes and a re-engineered floor plan, offering a unique living experience in the Windward Bay community. The bright, open living space is highlighted by 24-inch porcelain tile that flows seamlessly throughout, creating a sleek and sophisticated aesthetic. The expansive great room and split bedroom layout maximize space and functionality, while a stunning 30-foot wall of new PGT Hurricane Impact Windows offers unobstructed views of Sarasota Bay and abundant natural light. The Owner's Retreat, tucked away for privacy on the far end of the home, features a spacious walk-in closet with conveniently placed in-unit laundry plus an ensuite bathroom complete with a floating double vanity and custom glass-enclosed shower. On the opposite side of the home, the second bedroom provides a peaceful and private guest space, which can also be used flexibly as a home office or additional lounging area. In 2022/2023, the condo underwent a major renovation that included custom LED lighting, Level 5 (smooth) wall finishes, custom tile work, custom cabinetry, under-cabinet accent lighting and high-end finishes including quartz counters, marble mosaic tiles, and custom closets, adding to the home's elegant style. For wonderful peace of mind, the Windward Bay community has successfully passed its Milestone Integrity Inspection Study, certifying the property for another ten years, plus the monthly HOA fee includes the insurances (hazard, hurricane, and flood). For water enthusiasts, first-come/first-served boat slips are available for lease, accommodating up to 30-foot boats or personal watercraft for just $40 per month, or $45 per month with an owner-supplied lift. Windward Bay is also pet-friendly, welcoming two pets up to 75 pounds, even for renters! The community is rich with amenities, offering three beach access points, two heated pools (one ideal for laps), tennis, pickle ball, clubhouse, fitness center, locker rooms, saunas, bike racks, kayak storage and launches, two marinas, fish cleaning stations, BBQ grills, fire pits, outdoor dining areas, walking paths, and on-site professional management. For those looking to generate rental income, the condo can be rented immediately after purchase, with a minimum one-month lease period allowed up to twice per year. Ideally located, the serenity and low density of Windward Bay has easy access to the dining, shopping, and cultural attractions of downtown Sarasota and St. Armands Circle, along with nearby professional marinas and championship golf courses, making this a prime location for both relaxation and adventure.

Details

Property type

Condominium

Est. home value

$766,215

Lot size

26.0 acres

Price per sq ft

$648

Year built

1975

Annual property taxes

$8,813.06

Monthly HOA fee

$1,035

Price History

12/20/2024
StellarMLS

StellarMLS #A4624311

Price change
$850,000
-2.86%
09/24/2024
StellarMLS

StellarMLS #A4624311

Listed
$875,000
+50.94%
12/23/2021
StellarMLS

StellarMLS #A4511577

Sold
$579,682
+88.21%

Schools & Community

Elementary school: 

Anna Maria Elementary

Middle school: 

W.D. Sugg Middle

High school: 

Bayshore High

Community features: 

Clubhouse, Fitness Center, Pool, Sidewalks, 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

$300,737
Asking price
$850,000
Closing costs (~8% of asking)
-$68,000
Est. remaining loan balance
-$481,263
Cash to seller
$300,737

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

Seller’s Loan History

Lender

Synovus Bank

Loan start date

December 2021

Original loan amount

$512,967

Est. remaining balance

$481,263

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

David Samuels

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 7:40 PM

Listing updated: 12/20/2024 at 10:12 AM

Listed by: Eileen Gillen, PLL, COLDWELL BANKER REALTY Phone #: (941) 383-6411

MLS: StellarMLS #A4624311

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