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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

  • 234 days on market
    • Price drop $9,000↓
VERY ATTRACTIVE NEW PRICE!!! 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. This special ground floor Condo (Yet Still 10+Ft above flood plain) with its soaring high ceilings & flowing floorplan provide stunning Bay views from almost every room. This open plan has split bedrooms with ensuite bathrooms and 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 annually (that's right, if you're not using your deeded 40 ft 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 & 40ft boat slip this is a true Longboat Key gem. Harbour Villa Club on the stunning bay shore of luxurious Longboat Key. Rare & sought-after Weekly rental allowance on Longboat Key with rental production, history, & future bookings in place (can be canceled if desired). The kitchen has ample counter space 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 & 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 & 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

$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: 11/22/2024 at 3:40 PM

Listing updated: 11/19/2024 at 11:27 AM

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

MLS: StellarMLS #A4605764

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