Here's an opportunity to become immersed in the laid back island lifestyle. Available for a six month rental starting late June through January, this nicely updated condo is located on the Bay side of popular Portobello with deeded beach access directly across the road. There's plenty of room for everyone to spread out in this fourth floor condo with an open, split floor plan and a screened lanai that spans the entire unit, offering a private oasis of calm. The primary bedroom has TWO KING SIZED beds, a huge walk-in closet and ensuite bath. The second bedroom has a king bed and generous closet space. Access the lanai from wall to wall sliders in the living area or from both bedrooms. The serene views of Crane's Bayou and Florida water birds provide a pleasant backdrop for relaxing with a good book or working from your laptop. There is a full sized washer and dryer in the unit and there is first floor storage for bikes and beach gear. On site amenities include pool, tennis court, kayak launch, grill area and club house. There is one assigned parking space and guest parking plus parking on the beach side. Enjoy all the pleasures of Longboat Key with terrific dining, shops, fitness and Bayfront Park with tennis and pickleball, all close by. The community is centrally located on the island for easy access to Sarasota and Bradenton. IMG Academy is 15 miles and SRQ Airport is 12 miles. This can be a terrific base for those exploring the area, on work assignment, sports families or those just wanting an opportunity to decompress and get away form it all. The owner will consider a 2-4 month stay at an adjusted rate. Stays under 6 months have an added tourist tax.
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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 | $3,120 | $3,120 | $3,120 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $20 | $21 | $26 |
Total Monthly Payment | $95 | $96 | $101 |
* 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.