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$3,199,000

Beds
4
Baths
4.5
sq ft
2,577

690 Russell St, Longboat Key, FL 34228

690 Russell St

LONGBOAT KEY, FL 34228

  • Pending
Here is your opportunity to own one of the nicest (and newest) homes in the highly sought after "Village" of Longboat Key. A tranquil escape all done up in seaside hues, new in 2022, and then upgraded even further by the current owners. This ELEVATED home is a paradise unto itself! An entertainers dream, it features a fabulous chef's kitchen with a natural gas range, double ovens, high end appliances and a large island that is open to the designer furnished dining area and great room. All of the fabulous furnishings and art convey - it is being offered TURNKEY furnished. Light fills the entire home through impact rated windows and sliding glass doors. Open the sliders to an outdoor covered patio and enjoy the incredible view of the one of a kind backyard oasis. Steps lead down to the gorgeous pool and spa with a fire feature surrounding the in-the-pool seating. Adding to the remarkable backyard is a large covered outdoor kitchen and bar, a covered dining space and seating area with a big screen TV. There is even a putting green!! A 3 car garage makes room for all your toys. Just a short distance away is the gorgeous Broadway beach that stretches all the way around to Greer island. The “Village” has its own community dock and boat ramp so enjoying your days on the water are easy. When you return, there are a number of restaurants ranging from fine dining to casual eateries right here in your neighborhood. Luxury island living doesn’t get much better. Come see this amazing home today and envision living the laid-back luxury island lifestyle that Longboat Key is known for.

Details

Property type

Single Family Residence

Lot size

9,601 sq ft

Price per sq ft

$1,242

Year built

2022

Annual property taxes

$37,573.74

HOA

No

Price History

01/17/2025
StellarMLS

StellarMLS #A4635619

Pending
$3,199,000
01/13/2025
StellarMLS

StellarMLS #A4635619

Listed
$3,199,000
+6.63%
03/10/2023
StellarMLS

StellarMLS #A4549985

Sold
$3,000,000
+39.53%

Schools & Community

Elementary school: 

Anna Maria Elementary

Middle school: 

Martha B. King Middle

High school: 

Bayshore High

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

$1,476,779
Asking price
$3,199,000
Closing costs (~8% of asking)
-$255,920
Est. remaining loan balance
-$1,466,301
Cash to seller
$1,476,779

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

Seller’s Loan History

Lender

Angel Oak Mortgage Solutions Llc

Loan start date

March 2023

Original loan amount

$1,499,999

Est. remaining balance

$1,466,301

Interest rate

6.15%

Loan type

New Conventional, 30 year

Seller

Kenneth Lynn Cobbs Ii and Jennifer Price Cobbs

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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Price drop
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Status: Pending/Under Contract

Tomo last checked: 01/22/2025 at 10:45 AM

Listing updated: 01/17/2025 at 9:51 AM

Listed by: JoDene Moneuse, MICHAEL SAUNDERS & COMPANY Phone #: (941) 383-7591

MLS: StellarMLS #A4635619

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