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$899,000

Beds
2
Baths
2.0
sq ft
1,293

615 Dream Island Rd Unit 105, Longboat Key, FL 34228

615 Dream Island Rd Unit 105

LONGBOAT KEY, FL 34228

  • 295 days on market
    • Price drop $16,000↓
If you Like BAY VIEWS, Deeded 40FT BOAT SLIP, WEEKLY RENTAL ALLOWANCE, and a VERY ATTRACTIVE NEW PRICE look at this LBK Listing. One of the best buys on Longboat Key!! Stunning Harbour Villa Club, tucked away in a little pocket on Dream Island Rd on Beautiful North-End Longboat Key. This complex is positioned on a beautiful protected point overlooking stunning Sister Keys & Sarasota Bay. Special ground floor Condo (Yet Still 10+Ft above flood plain) w/ its soaring high ceilings & flowing floorplan provide stunning Bay views from almost every room. Open plan has split bedrooms w/ ensuite bathrooms & wet bar right of living space. Deeded 40ft Boat Slip right out your back door & within view from the condo. Plus SHORT TERM rental allowance! New 2024 rental numbers are in & gross production is now appx $75,000 for 2024!! (that's the first year in the rental program, in the asis condition with appx 65% tenant occupancy). Plus don’t forget about that deeded boat slip. If you're not using it personally there is a rental potential of appx $9,600/yr (that's right, if you're not using your deeded 40 ft slip you can lease separately). These combined factors = Excellent return & flexibility on this outstanding condo and you can see why I call this absolutely the best opportunity currently available on Longboat Key! Short term rental allowance, huge bay views & 40ft boat slip this is a true gem. Harbour Villa Club on the stunning bay shore of luxurious Longboat Key. Rare & sought-after Weekly rental allowance on Longboat Key w/ rental production, history & future bookings in place (can be canceled if desired). Kitchen has ample counter space with a snack bar flowing into dining and living spaces. Primary bedroom is designed with your comfort in mind, offering tremendous space, ample dual closets, lanai access, & unparalleled views of the water. Primary bathroom has beautiful tilework and a spacious shower. Entertain with ease with a built-in wet bar, perfect for any occasion. Secondary bedroom is ideal for a great flex space and/or full-time bedroom, depending on your needs. Perhaps the most impressive feature of this property is the large walk-out lanai. Stepping into this space you'll be greeted by stunning vistas of the water, pool & docks. Plus an extra sunbathing deck directly off this screened-in lanai. Lanai space does not end there, the large front lanai is unique to this specific condo & offers additional outdoor living space. For the boaters, this condo conveys deeded boat slip #14 which includes electric, water, & new composite decking. This slip is 40ft in length & can dock up to a 55'+/- vessel and is positioned just outside the unit, so rare. Slip can also be leased separately to units w/ similar slips averaging $800+/- per month. This community has mature tropical landscaping & grounds. Other amenities include a heated pool, hot tub, outdoor grill, kayak storage/launch, boat ramp, climate-controlled bicycle/locker storage, 4 tennis courts, 2 pickleball courts, and one covered parking space #33. This is one of the few Longboat Key communities that has the ability to rent on a weekly basis. This gives you options & flexibility to carve out your formula of ownership & use. Located within a short distance of nearby popular beaches, restaurants, clubs, parks and just a short drive to St. Armands Circle, Anna Maria Island, & Downtown Sarasota. This property is more than just a waterfront condo. It's a lifestyle. So why wait? See it today.

Details

Property type

Condominium

Est. home value

$922,677

Lot size

Unknown

Price per sq ft

$696

Year built

1985

Annual property taxes

$9,252

Monthly HOA fee

$1,866.67

Price History

01/03/2025
StellarMLS

StellarMLS #A4605764

Listed
$899,000
01/02/2025
StellarMLS

StellarMLS #A4605764

Removed
$899,000
11/20/2024
StellarMLS

StellarMLS #A4605764

Price change
$899,000
-1.75%

Schools & Community

Elementary school: 

Anna Maria Elementary

Middle school: 

Martha B. King Middle

High school: 

Bayshore High

Community features: 

Clubhouse, 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

$321,196
Asking price
$899,000
Closing costs (~8% of asking)
-$71,920
Est. remaining loan balance
-$505,884
Cash to seller
$321,196

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

September 2023

Original loan amount

$512,500

Est. remaining balance

$505,884

Interest rate

6.96%

Loan type

New Conventional, 30 year

Seller

Veronica Carol Galant Stenger

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?

Status: Active

Tomo last checked: 01/22/2025 at 8:00 AM

Listing updated: 01/03/2025 at 10:30 AM

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

MLS: StellarMLS #A4605764

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