$940,000
$999,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,380 SqFt
SOLD DATE : 02/22/2019
Key Details
Sold Price $940,000
Property Type Condo
Sub Type Condo - Hotel
Listing Status Sold
Purchase Type For Sale
Square Footage 1,380 sqft
Price per Sqft $681
Subdivision Inn On The Beach Ph I
MLS Listing ID A4408249
Sold Date 02/22/19
Bedrooms 2
Full Baths 2
Condo Fees $2,713
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1982
Annual Tax Amount $13,055
Property Description
999,000 Please stop and take notice. Are you waiting to pay more when the Renovations are completed in this building at the Longboat Key Resort? Why not get in first? With this price and the Renovation cost still gives you a 3.1 to 3.2 ROI. Still use my Unit for 14 days in each Winter/Summer Season. OR be Eloise at the Plaza Hotel. Live the Resort Hotel life in this 7th floor 2 bed/2bath in desirable building 2 Direct Gulf front with incredible sunsets. Enjoy Golf, Tennis, room service, pools, spa, Concierge, Dining, Mind and Motion fitness studio, Gym, Health Lectures, Events, Book Club, Trivia and everyone knows your name. All this for 999k plus the 186k assessment which will give you a spanking new property on the turquoise waters of the Gulf of Mexico. . This is a larger “C+” unit and offers one of the largest lanai’s in any of the buildings with a corner jutting out to provide a panoramic view all the way south to Siesta and Lido Key. Located in the world class Resort at Longboat Key Club. This unit is currently in the hotel program and earned over $148,000 Gross income. The Resort has and is going thru major public space expansion and beautification. The purchase of this condominium unit entitles you to participate in the Ownership Rental Program and receive a check every month or with 120 days' notice, owners may opt out and be Eloise. Call to discuss the possibilities but, realize this is an opportunity you should at least investigate.
Location
State FL
County Sarasota
Community Inn On The Beach Ph I
Zoning GPD
Interior
Interior Features Living Room/Dining Room Combo, Solid Surface Counters
Heating Central, Electric
Cooling Central Air
Flooring Carpet, Tile
Fireplace false
Appliance Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Laundry Inside
Exterior
Exterior Feature Balcony
Garage Open
Community Features Fitness Center, Gated, Pool, Tennis Courts, Water Access
Utilities Available Electricity Connected, Public
Amenities Available Elevator(s), Fitness Center, Gated, Golf Course, Pool, Security, Tennis Court(s)
Waterfront true
Waterfront Description Beach - Private, Gulf/Ocean
View Y/N 1
Water Access 1
Water Access Desc Beach - Private,Gulf/Ocean
View Water
Roof Type Other
Porch Patio
Parking Type Open
Garage false
Private Pool No
Building
Story 9
Entry Level One
Foundation Slab
Lot Size Range Non-Applicable
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Inspections
Others
Pets Allowed No
HOA Fee Include Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Security, Sewer, Trash, Water
Senior Community No
Ownership Condominium
Monthly Total Fees $904
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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