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$5,499,000

Beds
5
Baths
4.5
sq ft
4,626

540 Harbor Point Rd, Longboat Key, FL 34228

540 Harbor Point Rd

LONGBOAT KEY, FL 34228

  • Pending
Under contract-accepting backup offers. NEW LIST PRICE!!! NOW IS THE TIME, if Island living has been part of a lifelong dream, then you need to live on Longboat Key, one of the best islands rated by Travel & Leisure magazine and this is the PERFECT HOME TO TURN YOUR VISION INTO REALTY. This custom-built home offers convenience, exclusivity, privacy and is situated on deep water canal cul de sac street in the southernmost Harbor area of Bay isles behind 2 gates, perfect for a large family. It has been renovated to include the most desired features by todays discerning Buyers. It begins with the open floor plan and totally renovated chef style kitchen with top of line ss appliances by Wolf, Bosch, Sub-Zero and dual dishwashers by KitchenAid. Now add the safety features that make the home more hurricane resilient with impact windows & whole house generator. Located on over 1/4 acre, protected, deep water south facing lot on Sarasota Bay & built at an elevation over 12' exceeding the required base flood elevation. Say yes to a boater’s paradise with your recently added 100' of trek deck and dock with 10,000lb. boat lift that previously accommodated a 27’ Grady White cruiser. You're within minutes to easy access of Gulf of Mexico either via New Pass or Longboat Key Pass with no fixed bridges to hamper your voyage whether going fishing or just on a sunset cruise. The lot is lushly landscaped and meticulously cared for while the saltwater pool and spa have been recently refinished, the pool deck has newly added shell stone pavers. Now that you've been impressed with the curb appeal of this home, it is time to enter and be greeted by the soaring 24 ft. step ceiling in the foyer and main living area that is complimented with accented stone walls and floor to ceiling windows that showcase views of the pool and waterway. The chef’s kitchen with a large island, extensive wood cabinetry has easy access to the 22’x28’ Dining Rm/Family Rm combination that makes entertaining family and friends easy. The Breakfast Nook is perfect for more casual intimate dining for the owner or on those perfect days move to the 15’x27’ screened in porch and outdoor kitchen taking advantage of the view. Hosting those overnight Guests is no problem with this 5/6 bedroom and 5 ½ bath home. 3 of the Guest Bedrooms are En Suite while 2 share a full bath, each of these bedrooms are on different levels achieving the ultimate in privacy for your guests. The Owners’ Master on main level is oversized with a sitting area, the Master Bath has his/her vanities, a separate perfect makeup vanity that conceals the disappearing tub, and his/hers closets with wood organizers. Beautiful engineered hardwood flooring is on the main level, 6” baseboard and multi-piece crown molding in the main living area. This 3-level home offers great views of the Bay from the different decks and porches plus provision has been made for a future elevator, just add all the electro-mechanicals. Most of the key infrastructure items like a 5-year-old tile roof, A/C systems have recently been replaced and the exterior of home has been freshly painted. All it needs is a new family to enjoy all the benefits of the meticulous and thoughtful previous owners. Conveniently located at the Southern end of LBK with easy access to St. Armands and Downtown Sarasota. Longboat Key Club Resort membership offers fine dining, tennis, 2 golf courses & other benefits. Bay Isles gives you private beach access to the Gulf of Mexico, parking & facilities.

Details

Property type

Single Family Residence

Est. home value

$6,472,372

Lot size

0.34 acres

Price per sq ft

$1,189

Year built

2000

Annual property taxes

$39,075.12

Monthly HOA fee

$285

Price History

09/21/2024
StellarMLS

StellarMLS #A4623923

Pending
$5,499,000
-8.33%
08/03/2024
StellarMLS

StellarMLS #A4584408

Removed
$5,999,000
04/23/2024
StellarMLS

StellarMLS #A4584408

Price change
$5,999,000
-11.65%

Schools & Community

Elementary school: 

Southside Elementary

Middle school: 

Pine View School

High school: 

Riverview High

Seller’s Loan History

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

Lender

Chase Manhattan Mortgage Corp

Loan start date

April 2003

Original loan amount

$483,997

Est. remaining balance

Not provided

Interest rate

5.67%

Loan type

New Conventional

Seller

Jack W Schwarz and Gaye H Schwarz

Lender

Chase Manhattan Mortgage Corp

Loan start date

December 2001

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

6.45%

Loan type

New Conventional

Seller

Jack W Schwarz and Gaye H Schwarz

Lender

Southtrust Mtg Corp

Loan start date

September 2000

Original loan amount

$475,000

Est. remaining balance

Not provided

Interest rate

8.04%

Loan type

New Conventional

Seller

Jack W Schwarz and Gaye H Schwarz

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: Pending/Under Contract

Tomo last checked: 10/04/2024 at 9:00 PM

Listing updated: 09/22/2024 at 7:01 AM

Listed by: Joseph Cinque, FINE PROPERTIES Phone #: (941) 782-0000

MLS: StellarMLS #A4623923

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