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Exceptional opportunity in Cedars East, one of Longboat Key’s most desirable tennis communities. This beautifully updated END UNIT ELEVATED bayside property is a rare find, offering the flexibility of TWO WEEK minimum rentals—a huge draw for investors looking to capitalize on the area's strong demand for short-term vacation stays. Even more valuable is the hard-to-find TWO CAR TANDEM GARAGE, providing ample space for vehicles, storage, or owner lockout, a true luxury in island communities.
Not only is it being sold turnkey furnished, but the buyers will ALSO gain the benefit of a fully paid off Longboat Key Utilities assessment for the underground utilities - saving you the extra line item on your tax bill each year!
Step inside to discover a light-filled, thoughtfully upgraded interior that blends coastal charm with modern function. Soaring ceilings and generous windows fill the space with natural light, while luxury vinyl plank flooring and custom shiplap accents lend a stylish, durable finish to the main living areas. The kitchen is a standout feature, boasting textured quartz countertops, a striking ocean-inspired glass tile backsplash, matte black hardware, and soft-close cabinetry, complemented by a full suite of GE appliances. A chic half bath on the main level continues the contemporary aesthetic, creating a cohesive and polished feel throughout.
Upstairs, plush carpeting leads to the bedrooms, where comfort meets convenience. The primary bedroom features an in-unit washer and dryer, neatly tucked away in the closet for easy access. Views from the kitchen window offer serene glimpses of the preserve, as well as partial views of the pool, clubhouse, and tennis courts—perfect for those who appreciate a relaxing yet active lifestyle. READY to rent for immediate occupancy and ongoing income if that is your desired goal.
Designed for those who enjoy recreation and resort-style living, Cedars East offers year-round tennis access, a vibrant clubhouse, a heated pool, and is just a short walk or bike ride to the public beach. The 2021 ROOF replacement offers peace of mind and may help with insurance and storm protection considerations. The spacious tandem garage also includes a bump-out housing the hot water tank and deep under-stair storage, making it practical for storing beach gear, bikes, or owner items between rentals.
Located on the serene island of Longboat Key, this townhome is just minutes from the fine dining and boutique shopping of St. Armands Circle, as well as the arts and culture of downtown Sarasota. Nature lovers will appreciate nearby Durante Park and Bayfront Park, while foodies will enjoy proximity to waterfront favorites like The Shore and Dry Dock Grill. Whether you're an investor seeking a high-performing property, a tennis aficionado wanting to live near the courts, or simply looking for an upgraded coastal home in a prime location—this is the perfect fit.
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NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $500,000 | $500,000 | $500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | $553 | $553 | $553 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,160 | $3,285 | $4,186 |
Total Monthly Payment | $3,805 | $3,930 | $4,831 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.