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$7,999,000

Beds
4
Baths
6.0
sq ft
6,556

500 Harbor Point Rd, Longboat Key, FL 34228

500 Harbor Point Rd

LONGBOAT KEY, FL 34228

  • 50 days on market
Nestled within the prestigious Bay Isles Harbor Section community, this residential masterpiece, crafted by luxury home builder Murray Homes, epitomizes waterfront luxury living. Boasting five bedrooms and nearly 7,000 square feet of meticulously updated interiors and exteriors, this private sanctuary embraces the boater's lifestyle. This residence captivates with stunning views of Sarasota Bay, where tranquil sailboat-deep waters and lush Mangroves create a picturesque setting. A true boater's dream, the property features a newly installed 30' dock, a 10,000-lbs. lift (both added in 2022), and a seawall constructed in 2008, ensuring seamless access to the bay's sparkling waters. Approaching the home, you are greeted by a grand entrance, courtesy of the winding circular pavered driveway and the majestic arched 12' entry. Recently updated landscaping and lighting add to the allure, while the freshly refaced exterior exudes timeless charm. Step inside to discover a seamless fusion of contemporary design and coastal elegance. European oak hardwood flooring flows throughout, complemented by designer Hardware Restoration light fixtures. Most recent updates include fresh neutral painted walls and ceilings (with coffered and tray details), newer railings, electronic shades, and upgraded air-conditioning systems that ensure modern comfort and convenience. The heart of the home unfolds with oversized impact windows and glass French doors with transom cutouts inviting natural light and serene water views indoors. The main living area, adorned with a gas fireplace flanked by built-ins, seamlessly transitions to the dining room. Steps away, the chef's kitchen is a culinary haven boasting quartz countertops, refaced cabinetry, and professional-grade appliances, including a gas cooktop and three dishwashers. Two oversized islands and beautiful floating shelves add both functionality and style to this gourmet space, while the open layout encourages effortless entertaining. Retreat to the primary suite, a secluded oasis conveniently located on the main level. With its gas fireplace, adjacent sitting room, and direct access to the patio, this sanctuary offers the ultimate in relaxation. The spa-inspired quartz bathroom, adorned with solid wood and stone accents, epitomizes modern sophistication. On the upper level, four generously sized bedrooms, each with its own en-suite bathroom, offer privacy and comfort for family and guests. Additionally, a gym provides the perfect space for fitness enthusiasts to stay active. Outdoor living takes center stage with a waterfront oasis that exceeds expectations. An open pavered deck, heated saltwater swimming pool with infinity edge, raised spa, covered sitting areas, and a fully equipped summer kitchen with a fireplace invite you to unwind and soak in the beauty of the bay. The oversized four-car garage provides plenty of additional storage options and includes the bonus of a golf simulator to perfect your stroke. Bay Isles residents enjoy exclusivity at the Bay Isles Beach Club, offering deeded access to a private beach just a sunny walk or bike ride away. Indulge in ultimate relaxation at the prestigious Longboat Key Club nearby. Membership options are available for purchase separately. Combining unmatched luxury with a coveted waterfront lifestyle, this waterfront residence sets a new standard for coastal living.

Details

Property type

Single Family Residence

Est. home value

$441,138

Lot size

0.58 acres

Price per sq ft

$1,221

Year built

2008

Annual property taxes

$55,708

Monthly HOA fee

$201.67

Price History

11/03/2024
StellarMLS

StellarMLS #A4625050

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

StellarMLS #A4603496

Removed
$7,999,000
04/26/2024
StellarMLS

StellarMLS #A4603496

Price change
$7,999,000
-10.12%

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

$7,045,340
Asking price
$7,999,000
Closing costs (~8% of asking)
-$639,920
Est. remaining loan balance
-$313,740
Cash to seller
$7,045,340

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

$313,740

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: Active

Tomo last checked: 12/22/2024 at 7:20 PM

Listing updated: 12/05/2024 at 12:15 PM

Listed by: Roger Pettingell, COLDWELL BANKER REALTY Phone #: (941) 383-6411

MLS: StellarMLS #A4625050

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