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2251 Gulf Of Mexico Drive
Longboat Key, FL 34228
$8,900,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
4032
Property Description
On the Beach! The NEW ARIA! Modern Oasis on the Gulf of Mexico. Discover the epitome of modern luxury living in this spectacular 3-bedroom plus office or 4-bedroom gulf-front home. This residence has expansive glass walls, clean lines, and angular details. It feels like a home on the beach with private walk-down steps. This contemporary coastal enclave offers depth and allure. Located on a serene cul-de-sac on the exclusive south end of Longboat Key, this magnificent structure provides breathtaking views of the Gulf of Mexico from nearly every room. Aria is Built to the latest coastal construction codes, and this gated and secure enclave boasts a ½ mile path winding through the premises. Ideal for walking, running, dog-walking, bird-watching, or simply breathing in the fresh sea air, this property has it all. Private elevator access to your residence and a convenient service elevator make moving around a breeze. Floor-to-ceiling walls of impact glass connect indoor spaces to expansive sunrise-sunset terraces with gulf views and gardens. You will love the oversized his/her master bath, en-suite guest bedrooms, and outdoor summer kitchen with grilling, which offer comfort and convenience at every turn. Then, step into the stunning chef's kitchen and experience the ultimate culinary luxury. Equipped with Miele appliances, this state-of-the-art setup offers a range of unique features, appliances, and accessories. Custom cabinetry offers ample storage space for all kitchen essentials, while stone countertops provide a durable and stylish work surface. And with a walk-in pantry, you'll have plenty of space to store ingredients, cookware, and more. This gourmet kitchen is guaranteed to make a lasting impression on even the most discerning epicure, with top-of-the-line appliances and carefully considered design elements that enhance the cooking experience. State-of-the-art telecommunications wiring designed for today and tomorrow, including high-speed cabling with "home run" configuration for telephone and data communications. This Beach Villa features a private infinity-edge lap pool, expanded terraces with planters, a fire table, and direct access to an oversized, private, humidity-controlled 3 to 5-car garage. Outside, an expanded paver gathering terrace hosts a beautifully designed 67 ft x 42 ft. community pool with a sculptural rain curtain. The elevated terrace and pool capture picturesque beach and gulf views. The Wellness Center is the hub of life-balancing activities overlooking a tranquil lagoon. Comfortable men's and women's locker rooms complement the latest fitness equipment, a Pilates and yoga studio, and a private massage salon. Don't miss this opportunity to live in the lap of luxury in one of Longboat Key's most exclusive enclaves. The centerpiece of this stunning development is the historic Villa Am Meer, a 1935 estate home built by German immigrant Dr. Hermann Kohl and his wife, Hertha. The 5,000 square foot Mediterranean villa, with its original hand-painted ceramic tiles, stained glass windows, fireplace, cypress ceilings, stone floors, and arched doorways, is respectfully restored as the Aria Residents Social Room/Clubhouse and resort style 2 guest suites. The center of beachfront activity will be the living room, private dining room, catering kitchen, climate-controlled, secure access wine cellar, card room, resort-style guest suite, and sunset terrace with fire pit.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
2016
MLS Number
A4569602
Location
Address
2251 GULF OF MEXICO DRIVE
City
LONGBOAT KEY
State
FL
Zip Code
34228
County
SARASOTA (CITY)
Listing
Provider
Coldwell Banker, original listing
Name
Coldwell Banker
Phone
(813) 754-3586
Office Name
COLDWELL BANKER REALTY
Office Phone
(941) 383-6411
Agent Name
Judy Kepecz-Hays

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.