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$600,000

Beds
2
Baths
2.0
sq ft
1,332

603 Cedars Ct Unit 603, Longboat Key, FL 34228

603 Cedars Ct Unit 603

LONGBOAT KEY, FL 34228

  • 175 days on market
    • Price drop $50,000↓
Welcome to 603 Cedars East – a vibrant fitness and tennis resort-like community nestled between the Sarasota Bay Intracoastal Waterway and the Gulf of Mexico on the picturesque island of Longboat Key, just a short walk from sugary white beaches. This turnkey furnished townhouse spans three levels and features an open floor plan with two bedrooms, two baths, and an oversized attached garage. Meticulously maintained by its current owners, it boasts a new roof installed in 2022 and newer HVAC (11/2022). With a 14-day booking policy designed to maximize occupancy and rental income, this property presents an excellent opportunity for generating rental revenue. This townhome, sold turnkey furnished, is ready for your next adventure! Whether you're seeking a permanent island home, a second home, or an investment opportunity, this community allows short-term rentals (14 days minimum) with on-site management ready to assist. The first floor features a long one-car garage with ample storage space. Ascending to the second floor, you're welcomed into a spacious great room with a balcony overlooking lush foliage for added privacy. The efficient kitchen is equipped with stainless steel appliances, plenty of wood cabinetry, glass tile backsplash walls and granite countertops, perfect for the home chef. The primary bedroom on the third floor offers generous space, ample closets, and a large bath with double sinks. The second guest bedroom is also on the third level, conveniently located near the second full bath. Other features include a stackable washer and dryer and laundry room closet for extra convenience, tile and wood flooring with no carpeting, ceiling fans, neutral decor, an extra storage area in the balcony and more. Please see interior video. Cedars East features a Jr. Olympic pool, perfect for lap swimming or pure relaxation. Idyllic boardwalks woven through picturesque mangroves connect the different sections of the community, and a bayside fishing pier is available to all residents without additional membership fees. For those seeking more amenities, the Cedars East Tennis Club and Resort, available with extra membership fees, boasts fantastic tennis facilities, including 10 Har-Tru courts, a pro-shop with professional instruction, daily clinics, and more. Full club membership includes 24/7 access to the Cedars fitness center with modern equipment, bicycles for use, and a seasonal tiki bar by the pool. Cedars East is conveniently located near outstanding retail outlets and eateries, including the world-famous shopping and dining of St. Armands Circle and the arts and entertainment of Sarasota. All that's missing in this turnkey masterpiece is you. Bring your personal belongings and step right into the lap of tranquility to start savoring every moment.

Details

Property type

Condominium

Est. home value

$565,782

Lot size

6.0 acres

Price per sq ft

$451

Year built

1988

Annual property taxes

$6,823.66

Monthly HOA fee

$906.33

Price History

07/22/2024
StellarMLS

StellarMLS #A4615336

Price change
$600,000
-7.69%
07/01/2024
StellarMLS

StellarMLS #A4615336

Listed
$650,000
+96.97%
01/26/2021
StellarMLS

StellarMLS #A4476555

Sold
$330,000
+50%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Clubhouse, Fitness Center, Pool, Restaurant, Sidewalks, Tennis Court(s)

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

$326,105
Asking price
$600,000
Closing costs (~8% of asking)
-$48,000
Est. remaining loan balance
-$225,895
Cash to seller
$326,105

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

Seller’s Loan History

Lender

South State Bank Na

Loan start date

January 2021

Original loan amount

$247,500

Est. remaining balance

$225,895

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Michael W Gordon and Mary Patricia Gordon

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 7:10 PM

Listing updated: 09/13/2024 at 3:55 PM

Listed by: Charles Totonis, PREMIER SOTHEBYS INTL REALTY Phone #: (941) 907-9541

MLS: StellarMLS #A4615336

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