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$4,950,000

Beds
5
Baths
6.5
sq ft
4,389

510 Bowsprit Ln, Longboat Key, FL 34228

510 Bowsprit Ln

LONGBOAT KEY, FL 34228

  • 6 days on market
Enjoy an exceptional lifestyle at this coveted Country Club Shores canal home ideal for boaters and less than three blocks from the beach. With direct access to Sarasota Bay and within two minutes of open water, this stately elevated waterfront villa is an exquisite blend of elegant design and modern coastal luxury. Thoughtfully laid out with an inviting primary suite on the main level and four en suite bedrooms on the second floor, the home features oversized windows and incredible sight lines that showcase beautiful views and abundant natural light throughout. Recently redesigned in 2020 by Klar and Klar Architects, the interior of more than 4,300 square feet boasts a chic harmony of contemporary and classic styles, with large format porcelain tile floors on the main level, a striking marble feature wall surrounding the gas fireplace, gorgeous light fixtures, crown molding, and coffered ceilings. Setting the luxurious tone, double paneled oak doors open to a bright entrance foyer with direct views of the waterfront. Beyond the main living room’s stunning fireplace surround, the primary suite enjoys first-floor convenience and privacy, with an elegant tray ceiling and designer lighting, private terrace access, a sizeable walk-in closet, and an enormous bathroom with dual vanities, a hydro-spa soaker tub, and glass enclosed walk-in shower. On the opposite side of the main level, past the central living space that opens to the elevated waterfront terrace, a chef’s kitchen overlooks picturesque canal views through hurricane impact glass sliding doors that fully recess. Premium Thermador appliances include double in-wall convection ovens, a built-in microwave, undercounter wine refrigerator, six-burner gas range, and a paneled double door refrigerator. Adjacent to the kitchen and breakfast nook, the dining area offers ample room to accommodate a table for eight, and a spacious family room is ideally situated to enjoy tv-watching from any perch. The open design of the first floor enables a seamless flow between living spaces and indoor-outdoor areas, ideal for both downtime and entertaining. Upstairs, the large light-filled landing opens to an enormous secondary family room for additional tv and lounge seating, with fabulous views from an oversized window and terrace. Wood flooring throughout the second floor continues the home’s elevated design, with four en suite bedrooms luxuriously updated and echoing the elegance of the main level with tray ceilings, molding, and beautiful lighting. Two of the suites enjoy direct access to terraces that overlook the pool and waterfront. Outside, a saltwater pool and spa are surrounded by a manicured tropical landscape, with dense palms offering privacy on either side of the home. The boat dock includes a 28,000 lb lift to accommodate a large vessel, as well as a lower platform for easily embarking on paddleboards or kayaks. Additional luxuries include a pool-side bathroom and another interior powder room, two-car garage with spacious storage, and - for ultimate convenience - an elevator that serves the garage and both living levels. This home enjoys deeded beach access nearby and is within minutes of St. Armands Circle and the cosmopolitan amenities of Downtown Sarasota. Custom-built in 2013, meticulously maintained, and recently updated, this waterfront home is an exceptional blend of refined style and ultimate coastal luxury.

Details

Property type

Single Family Residence

Est. home value

$3,675,882

Lot size

0.23 acres

Price per sq ft

$1,128

Year built

2013

Annual property taxes

$34,296.1

Monthly HOA fee

$20.83

Price History

12/16/2024
StellarMLS

StellarMLS #A4631032

Listed
$4,950,000
-5.71%
08/05/2024
StellarMLS

StellarMLS #A4609109

Removed
$5,250,000
07/03/2024
StellarMLS

StellarMLS #A4609109

Price change
$5,250,000
-6.25%

Schools & Community

Elementary school: 

Southside Elementary

Middle school: 

Booker Middle

High school: 

Booker High

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

$3,423,409
Asking price
$4,950,000
Closing costs (~8% of asking)
-$396,000
Est. remaining loan balance
-$1,130,591
Cash to seller
$3,423,409

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

Seller’s Loan History

Lender

Truist Bank

Loan start date

September 2020

Original loan amount

$1,500,000

Est. remaining balance

$1,130,591

Interest rate

2.51%

Loan type

New Conventional, 15 year

Seller

Rachel Diane Ghormley and Jason J Ghormley

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 5:55 AM

Listing updated: 12/17/2024 at 1:18 PM

Listed by: Lisa Morris, DOUGLAS ELLIMAN Phone #: (941) 867-6199

MLS: StellarMLS #A4631032

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