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$441,138Estimated home value

Beds
4
Baths
7.0
sq ft
6,556

500 Harbor Point Rd, Longboat Key, FL 34228

500 Harbor Point Rd

LONGBOAT KEY, FL 34228

  • Sold On 10/14/2021
This remarkable home in Bay Isles Harbor is one of the most admired residences in this enclave of distinguished properties. As you swing open the arched twelve ft. door onto a two story entry foyer you are greeted by stunning views of the bay & wide open waterway. Gorgeous grounds are the setting for this custom beauty built by renowned Murray Homes. This extraordinary residence, a soft Mediterranean by design, boasts 6,556 sq. ft. of luxurious space with four bedrooms plus a study/library, an office, an exercise room & an outdoor living room with a gas fireplace & TV all set to enjoy your evening on the waterfront. Coffered ceilings grace the family room and amazing center island kitchen equipped for cooking galore with a six burner gas range, three dishwashers, double ovens, sub-zero refrigerator, built-in steamer, a butler’s pantry, a walk-in pantry, etc. etc. The master suite is a true retreat with a gas fireplace, adjoining sitting room and an elaborate master bath. The stunning stairway with its sculpted metal railing leads to the mezzanine bedroom suite, a morning kitchen, the office with en-suite bath & French doors overlooking the bay, the fully equipped exercise room with steam shower, a VIP bedroom suite, fourth bedroom & a second laundry. Floors are travertine in 24 x 24 inch tiles, rich hardwood and carpet in the bedrooms. There is a summer kitchen on the covered side terrace. Bask in the sunshine around your free form salt water pool with two sunning ledges, a spa & an infinity edge. A 35ft. private dock with direct access to the Bay makes for a perfect afternoon setting off for lunch at our many water front restaurants or catching the sunset on the Gulf. No shortage for the car enthusiast with dual air conditioned garages housing four cars & possibly more. All on an oversized corner lot allowing for an abundance of incredible landscaping, a curved drive entry & rear garage access. Residents of Bay Isles enjoy the privacy & security of 24-hour manned security gates & access to the Bay Isles Beach Club. Deep water dockage at the Longboat Key Moorings is another enticing nearby amenity as is the Longboat Key Club for social, golf and tennis memberships.

Details

Property type

Single Family Residence

Est. home value

$441,138

Lot size

0.58 acres

Price per sq ft

$836

Year built

2008

Annual property taxes

$40,287.59

Monthly HOA fee

$358.58

Price History

02/01/2025
StellarMLS

StellarMLS #A4625050

Removed
$7,999,000
11/03/2024
StellarMLS

StellarMLS #A4625050

Listed
$7,999,000
08/22/2024
StellarMLS

StellarMLS #A4603496

Removed
$7,999,000

Schools & Community

Elementary school: 

Southside Elementary

Middle school: 

Booker Middle

High school: 

Booker High

Community features: 

Gated

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

$4,723,908
Asking price
$5,475,000
Closing costs (~8% of asking)
-$438,000
Est. remaining loan balance
-$313,092
Cash to seller
$4,723,908

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

Seller’s Loan History

Lender

Dhi Mortgage Company Ltd

Loan start date

October 2021

Original loan amount

$337,250

Est. remaining balance

$313,092

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Vard Margaryan

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: Off Market

Tomo last checked: 02/01/2025 at 10:20 PM

Listing updated: 09/19/2023 at 2:46 AM

Listed by: Jenifer Schwell, MICHAEL SAUNDERS & COMPANY Phone #: (941) 388-4447

MLS: StellarMLS #A4513455

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