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$799,000

Beds
2
Baths
2.0
sq ft
1,414

740 Bayport Way Unit 740, Longboat Key, FL 34228

740 Bayport Way Unit 740

LONGBOAT KEY, FL 34228

  • 21 days on market
Renovated 2-Bedroom Condominium in Bayport Beach & Tennis Club Experience the best of coastal living in this beautifully updated 2-bedroom condominium at Bayport Beach & Tennis Club on Longboat Key. Renovated in 2016, this elegant residence offers approximately 1,400 square feet of air-conditioned space plus a private 300-square-foot garden retreat. Floor-to-ceiling sliding doors flood the living space with natural light, seamlessly blending indoor and outdoor living. The modern open-concept design features a stylish kitchen with sleek high-gloss cabinetry, quartz countertops, stainless steel appliances, and a porcelain tile backsplash. The spacious living and dining area is perfect for relaxation and entertaining, offering tranquil views of lush greenery. Step outside to your private patio, an inviting space ideal for enjoying the Florida sunshine, dining al fresco, or unwinding in a peaceful tropical setting. Resort-Style Living at Bayport Beach & Tennis Club Bayport boasts nearly 1,200 feet of private Gulf-front beach and 800 feet of Sarasota Bay frontage, providing an unparalleled island lifestyle. Designed by renowned architect Tim Siebert of the Sarasota School of Architecture, this 27-acre Gulf-to-Bay community features nature trails, lakes with fountains, a bayside fishing pier, and kayak facilities. Residents enjoy resort-style amenities, including a heated Junior Olympic-sized pool, four Har-Tru tennis courts, a bocce ball court, a fitness center, and a social clubhouse. Positioned near the entrance of Bayport and just moments from the Gulf of Mexico, this condominium was built in 1983 and shares a building with three other residences in Building D-3. Recent updates include a new roof (2022), new terrace pavers, fresh interior paint, updated electrical outlets and switches, and HVAC duct cleaning with an Air Scrubber by Aerus (2022). Additional improvements include a 2-ton HVAC unit (2020), a new washer (2020), and hurricane-rated sliding patio doors and shutters (2000). For added convenience, the residence also features a laundry closet with a side-by-side washer and dryer, plus an under-building carport with a spacious storage closet. Ideally located, Bayport is just minutes from St. Armands Circle’s premier shopping and dining, and a short drive over the Ringling Bridge to downtown Sarasota’s world-class arts, theater, and cultural attractions. Don’t miss this opportunity to own a slice of paradise—schedule your private tour today!

Details

Property type

Condominium

Est. home value

$682,979

Lot size

Unknown

Price per sq ft

$566

Year built

1983

Annual property taxes

$6,073

HOA

Yes

Price History

03/10/2025
StellarMLS

StellarMLS #A4643858

Listed
$799,000
+15.8%
06/27/2022
StellarMLS

StellarMLS #A4539997

Sold
$690,000

Schools & Community

Elementary school: 

Southside Elementary

Middle school: 

Booker Middle

High school: 

Booker High

Community features: 

Fitness Center, Pool, 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

$258,658
Asking price
$799,000
Closing costs (~8% of asking)
-$63,920
Est. remaining loan balance
-$476,422
Cash to seller
$258,658

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

Seller’s Loan History

Lender

Axia Financial Llc

Loan start date

June 2022

Original loan amount

$552,000

Est. remaining balance

$476,422

Interest rate

4.48%

Loan type

New Conventional, 15 year

Seller

Gregory Daniel Sposito and Shaqa Rukaj Sposito

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: 03/31/2025 at 5:45 PM

Listing updated: 03/18/2025 at 9:12 AM

Listed by: Michael Renick PLLC, MANGROVE REALTY ASSOCIATES Phone #: (941) 957-0080

MLS: StellarMLS #A4643858

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