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$915,000

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

  • 221 days on market
    • Price drop $9,000↓
PRICE IMPROVEMENT! New 2024 rental Numbers are in and gross projections are now $75,000 for 2024!!! (thats the first year in rental program, in the asis condition and at appx 60% tenant occupancy) Plus don’t forget about the deeded boat slip rental option of $9,600 annual (thats right, if your not using your deeded 40ft slip you can lease separately). These combined factors = Excellent return and 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 and deeded 40ft boat slip. This is the one, Harbour Villa Club on the stunning bay shore of luxurious Longboat Key. This beautiful property offers breathtaking views of the glistening water and is situated in a prime location that is peaceful, serene, and truly one-of-a-kind. A true Longboat Key gem. Rare and sought-after Weekly rental allowance on Longboat Key with rental production, history, and future bookings in place (can be canceled if desired). As you step inside this warm and cozy condo, you'll be greeted by a spacious and open floor plan that is perfect for entertaining guests or simply relaxing in style. The living area is bathed in natural light, thanks to the open plan, high ceilings, and large sliders that offer stunning views of the Bay, the Intercoastal Waterway, glistening pool waters, and the protected Sister Keys. The kitchen has ample counter space, and plenty of creative storage along with a snack bar flowing into dining and living spaces. The primary bedroom is designed with your comfort in mind, offering tremendous space, ample dual closets, lanai access, and unparalleled views of the water. The primary bathroom has beautiful tilework and a spacious shower. Entertain with ease with a built-in wet bar, perfect for any occasion. The secondary bedroom is ideal for a great flex space and/or full-time bedroom, depending on your needs. But 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, and docks. Plus an extra sunbathing deck directly off this screened-in lanai. The lanai space does not end there, the large front lanai is unique to this specific condo and offers additional outdoor living space. For the boaters, this condo conveys deeded boat slip #14 which includes electric, water, and new composite decking. This slip is 40ft in length and can dock up to a 55'+/- vessel and is positioned just outside the unit, so rare. Slip can also be leased separately to units with similar slips averaging $800+/- per month. This community has mature tropical landscaping and grounds. Other amenities include a heated pool, hot tub, outdoor grill, kayak storage/launch, boat ramp, climate-controlled bicycle/locker storage, four tennis courts, two 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 and flexibility to carve out your formula of ownership and use. Located within a short distance of nearby popular beaches, restaurants, clubs, and parks and just a short drive to St. Armands Circle, Anna Maria Island, and Downtown Sarasota. This property is more than just a waterfront condo. it's a lifestyle. So why wait? Come see for yourself!

Details

Property type

Condominium

Est. home value

$922,677

Lot size

Unknown

Price per sq ft

$708

Year built

1985

Annual property taxes

$9,252

Monthly HOA fee

$1,640.67

Price History

07/09/2024
StellarMLS

StellarMLS #A4605764

Price change
$915,000
-0.97%
05/30/2024
StellarMLS

StellarMLS #A4605764

Price change
$924,000
-0.11%
05/01/2024
StellarMLS

StellarMLS #A4605764

Price change
$925,000
-3.14%

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

$335,000
Asking price
$915,000
Closing costs (~8% of asking)
-$73,200
Est. remaining loan balance
-$506,800
Cash to seller
$335,000

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

$506,800

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: 11/09/2024 at 11:40 AM

Listing updated: 09/02/2024 at 1:44 PM

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

MLS: StellarMLS #A4605764

StellarMLS logo