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$997,000

Beds
3
Baths
3.0
sq ft
2,905

749 Penfield St, Longboat Key, FL 34228

749 Penfield St

LONGBOAT KEY, FL 34228

  • 260 days on market
    • Price drop $328,000↓
Motivated Seller - All Offers Considered - Premium Sailboat Canal Residence! Priced for an expedited closing, with seller financing options available, this one-of-a-kind property won’t last long. Inspired by Venetian Canal Villas: Nestled in the highly sought-after Sleepy Lagoon neighborhood, adjacent to Hideaway Bay, this stunning home exudes a seamless blend of modern elegance and Mediterranean-inspired grandeur. Just a short walk to the beach and a quick drive to the luxurious St. Regis Resort, this canal-front estate offers the perfect combination of convenience and exclusivity. All lower level units flooded. Elegant Architectural Details & Premium Layout: A welcoming roundabout driveway leads you to an arched entry and a graceful atrium, setting the tone for the luxury within. Inside, expansive spaces, soaring ceilings, and floor-to-ceiling windows flood the home with natural light and frame the serene canal views. The first floor offers convenient living with a kitchen, living and dining rooms, two bedrooms, two bathrooms, and a spacious laundry room with ample closet space adds practicality to elegance. Breathtaking Upper Level: A beautiful oak staircase with a stylish metal railing guides you to the upper level. Here, a bridge adorned with decorative columns and panoramic windows leads to a magnificent living area with cathedral ceilings, oak wood floors with intricate inlays, and a cozy wood-burning fireplace. This space could easily be transformed into a second kitchen, master bedroom or entertaining area, adding versatility to the home’s design. The second floor also boasts front and rear balconies with sweeping views. The luxurious upper-level primary suite offers a marble bathroom retreat with a jacuzzi tub overlooking the canal, a spacious walk-in closet, and potential for a private bar or home office. Prime Location and Amenities: This home is close to all the best of Longboat Key amenities, including pristine beaches, world-class restaurants, a golf course, tennis courts, a library, and essential services. Embrace the beauty and sophistication of this exceptional, one-of-a-kind home—a true gem that simply can’t be missed.

Details

Property type

Single Family Residence

Est. home value

$1,610,904

Lot size

9,919 sq ft

Price per sq ft

$344

Year built

1968

Annual property taxes

$17,528

HOA

No

Price History

11/11/2024
StellarMLS

StellarMLS #N6131408

Price change
$997,000
-24.75%
09/20/2024
StellarMLS

StellarMLS #N6131408

Price change
$1,325,000
-10.17%
08/03/2024
StellarMLS

StellarMLS #N6131408

Listed
$1,475,000

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

Community Bank Group

Loan start date

January 2008

Original loan amount

$215,000

Est. remaining balance

Not provided

Interest rate

6.25%

Loan type

Not Provided, 30 year

Seller

Robert J Fritz and Geraldine V Fritz

Lender

1St Nationwide Mtg Corp

Loan start date

May 1995

Original loan amount

$188,000

Est. remaining balance

Not provided

Interest rate

8.38%

Loan type

Not Provided

Seller

Robert J Fritz and Geraldine V Fritz

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: 11/22/2024 at 3:20 PM

Listing updated: 11/15/2024 at 2:03 PM

Listed by: Tammy Kitt, MICHAEL SAUNDERS & COMPANY Phone #: (941) 951-6660

MLS: StellarMLS #N6131408

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