3540 GULF OF MEXICO DRIVE, #202, Longboat Key, FL, 34228 | $649,000

Spellbinding Sunrises, Sunsets, and magical water views from this nicely updated Bayfront Beauty in an ideal Mid-Key Bay to Beach setting can be yours now. Delight in the panoramic Bay to Gulf views from the moment you wake up until you turn in after a fun-filled day at the private beach, or after taking your boat, kayaks or paddleboards out to explore paradise. The spacious patio is the perfect spot to relax and take in the gorgeous water and nature views. The updated kitchen and 2nd bedroom offer great views of the Gulf and the primary bedroom and living/dining offer glorious direct Bay views. A private under building storage unit, and an assigned under building parking space allows plenty of room for all your toys and keeps your car tucked away. Buttonwood Cove is a charming community with only 56 residences and offers countless amenities including 5 acres of beautifully manicured grounds, a sparkling bayside heated pool, renovated clubhouse with a full kitchen, tennis/pickleball courts, a fishing dock, and a kayak launch/dock. The deeded access to the expansive private beach includes a shelter with picnic tables, a grill and beach chairs and of course gentle balmy breezes & breathtaking sunsets. Recent community improvements include new roofs & elevators, driveways, drainpipe replacement, Trex composite docks and exterior paint. When you’re ready to explore, St. Armand’s Circle with stylish boutiques, restaurants, and plentiful cultural attractions of Sarasota are only a short drive away. Make your island dreams come true today!

Features

  • Elevator: Y
  • Heating: Central
  • Cooling: Central Air
  • Levels: 3
  • Amenities: Clubhouse, Elevator(s), Pool, Recreation Facilities, Storage, Tennis Court(s), Wheelchair Access
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: In Kitchen, Laundry Closet
  • Complex: BUTTONWOOD COVE
  • Year Built: 1980
  • Approx Sq. Feet: 1,479
  • Est. Taxes: $6,746
  • Condo Fee: $5,227 Quarterly
  • Elem. School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Booker High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4648922
  • Days on Market: 11 days
  • Website: https://www.raveis.com
    /prop/A4648922/3540gulfofmexicodrive_longboatkey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/11/2025 4:17:16 PM)
Listing courtesy of ROSEBAY INTERNATIONAL REALTY, INC   Phone: 941-366-7673

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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3540 GULF OF MEXICO DRIVE, #202, Longboat Key, FL, 34228

$649,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

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 $519,200 $519,200 $519,200
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 $562 $562 $562
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,282 $3,411 $4,346
Total Monthly Payment $3,936 $4,065 $5,000

* 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.