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$1,525,226Estimated home value

Beds
3
Baths
2.0
sq ft
1,664

589 Bayview Dr, Longboat Key, FL 34228

589 Bayview Dr

LONGBOAT KEY, FL 34228

  • Sold On 10/2/2024
    • Price drop $50,000↓
Price Improvement on one of the Best Canal Front Locations on all of Longboat Key. Explore the allure of Longboat Key with this incredible opportunity—a three-bedroom, two-bath residence featuring a private swimming pool and spa on a deep water salt canal with dock, seawall, and lift in place. Enjoy peekaboo views of the bay, and envision even more sprawling vistas with any future additions and/or redevelopment. Conveniently located just five houses from the bay and offering easy access to the Intracoastal Waterway and the Gulf of Mexico. This charming home boasts a split floor plan, remodeled kitchen with updated cabinets, countertops and appliances, and a wood-burning fireplace in the oversized dining room. The open family room is literally walls of glass taking in the sparkling waters of the pristine swimming pool and canal. Large master bedroom boast Walk-in closet space and sliders leading to the pool. Guest bedrooms are generously sized, and the original guest bathroom exudes charm with its antique tiles. Seize this excellent location and pricing, perfect for immediate enjoyment or future redevelopment. The heated 40-foot swimming pool with an attached spa overlooking the water awaits, and the 10,000-pound lift is already in place awaiting your vessel. Walk to the public beach access across the street for the best surf break on Longboat Key. Nearby, find fine dining, shopping, tennis, fitness clubs, and community parks, ensuring a quintessential Longboat Key lifestyle. Don't miss the chance to witness this essence of Longboat Key—schedule a viewing today. Additional photos coming soon! For future redevelopment, potential Bay Views could be outstanding at this property location. Only five back from the bay, at the right elevation new construction could incorporate breathtaking Bay views to the north, east and south looking out towards Bishops bayou, ICW, Jewfish and Sister Keys.

Details

Property type

Single Family Residence

Est. home value

$1,525,226

Lot size

0.23 acres

Price per sq ft

$722

Year built

1951

Annual property taxes

$13,830

HOA

No

Price History

10/02/2024
StellarMLS

StellarMLS #A4599217

Sold
$1,065,000
-11.25%
08/12/2024
StellarMLS

StellarMLS #A4599217

Pending
$1,200,000
08/08/2024
StellarMLS

StellarMLS #A4599217

Removed
$1,200,000

Schools & Community

Elementary school: 

Anna Maria Elementary

Middle school: 

Martha B. King Middle

High school: 

Bayshore High

Community features: 

Sidewalks

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

$892,372
Asking price
$1,200,000
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$211,628
Cash to seller
$892,372

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

June 2009

Original loan amount

$319,360

Est. remaining balance

$211,628

Interest rate

4.82%

Loan type

Not Provided, 30 year

Seller

David J Watson

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: 10/07/2024 at 7:05 AM

Listing updated: 10/02/2024 at 10:26 PM

Listed by: Jesse Griffin, CENTURY 21 BEGGINS ENTERPRISES Phone #: (941) 387-8888

MLS: StellarMLS #A4599217

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