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$2,250,000

Beds
3
Baths
2.5
sq ft
2,056

7160 Gulf of Mexico Dr, Longboat Key, FL 34228

7160 Gulf of Mexico Dr

LONGBOAT KEY, FL 34228

  • 228 days on market
    • Price drop $200,000↓
Price reduction of $200,000! Location, location, location. This inviting and beautifully furnished waterfront home is on a tranquil and deepwater natural bayou, with no bridges to Sarasota Bay and just moments to the Gulf of Mexico. North Longboat Key is known for its incredible turquoise gulf-to-bay waters and beautiful sandy beaches. This property is near the heart of favored boating and recreational areas, yet it provides exceptional privacy. The Key West-style home is elevated, airy, well-maintained and has a new roof. Entering through the ground-level foyer, ascend to the main living space via elevator or plush carpeted stairs. You will find a bright open floor plan with a great room, an open office or study area, a spacious balcony deck for alfresco dining, and a unique atrium bringing the outdoors in and overlooking the bayou where you may just see a gentle manatee swimming by. The open kitchen with breakfast bar and dining room provides a setting for socializing while cooking, enjoying meals or entertaining. On the main level there is also a convenient bedroom with an en suite and walk-in closet which can be used as a primary suite or enjoyed by guests. The third floor offers two more bedrooms, one with a large private balcony and en suite access or a Jack-and-Jill bath. The property offers beautiful views of lush tropical vegetation, a private boat dock, plenty of parking and storage and only one other nearby house. Owner had plans to install a boat lift on dock. Launch your boat from two nearby public ramps or kayaks from your backyard or cross the street for convenient white sandy gulf beaches and Greer Island access. Just down the street you have numerous popular restaurants with waterfront dining, shops, fitness centers, coffee shops and more, providing a wonderful island living experience from this private home on Longboat Key. Bring your golf cart and water toys and experience what North Longboat Key provides over any other areas of the island.

Details

Property type

Single Family Residence

Est. home value

$1,430,817

Lot size

7,318 sq ft

Price per sq ft

$1,095

Year built

1993

Annual property taxes

$12,617.78

HOA

No

Price History

03/14/2024
StellarMLS

StellarMLS #A4598119

Price change
$2,250,000
-8.16%
02/16/2024
StellarMLS

StellarMLS #A4598119

Price change
$2,450,000
-10.91%
02/01/2024
StellarMLS

StellarMLS #A4598119

Listed
$2,750,000
+579.01%

Schools & Community

Elementary school: 

Anna Maria Elementary

Middle school: 

Martha B. King Middle

High school: 

Bayshore High

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

South State Bank National Association

Loan start date

August 2021

Original loan amount

$365,000

Est. remaining balance

Not provided

Interest rate

2.52%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Timothy Radabaugh and Elena Radabaugh

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: 09/16/2024 at 11:15 AM

Listing updated: 09/13/2024 at 3:54 PM

Listed by: Cindy Fischer, PREMIER SOTHEBYS INTL REALTY Phone #: (941) 383-2500

MLS: StellarMLS #A4598119

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