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654 Jungle Queen Way
Longboat Key, FL 34228
$3,899,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
3879
Property Description
BRAND NEW (2022) CANAL FRONT HOME WITH DEEDED BEACH ACCESS ON LONGBOAT KEY! This 4-bedroom, 4.5-bathroom, 3,900 square foot, 2-story home has impressive features. Welcome to the coastal lifestyle on this waterfront sanctuary. This solid-built house is rated to withstand the strongest of storms and is situated 10 feet above sea level, making it the epitome of safety and serenity. From the moment you step inside, you'll be awestruck by its grandeur, with a majestic 22-foot ceiling greeting you at the entrance in the grand foyer. The first floor is ideal for unwinding and welcoming guests, with a dry bar and wine cooler adjacent to a convenient half bath tucked under the stairs. With 13-zone ceiling cassette mini-split heat pumps, you can set each area to its perfect temperature, and enjoy excellent filtration and airflow for ultimate comfort. The rest of the home features 10-foot ceilings with 12-foot ceilings in the master bedroom. This kitchen is a culinary connoisseur's dream come true, with 2 full-depth refrigerators, custom cabinetry, floor-to-ceiling storage, soft-closing doors, quartzite countertops, and dual oven with internet controls. The first floor was planned with family and entertainment in mind, with views of the family-style breakfast room next to the kitchen, that blends into a great room with lovely coffered ceilings for that luxurious feel. A dining room/living room/media room rounds out the 1st floor. The second floor is made to unwind, relax, and find your own space. The opulent master suite features 12-foot step ceilings, a lavish walk-in closet, and a spa-like master bath designed for pure relaxation. With a separate soaking tub, his/her sinks/vanities, and built-in lighting, you'll be able to prepare for your day after stepping out of the walk-in shower with 7-foot high glass doors. EACH BEDROOM features a private en-suite bath and walk-in closet, ensuring every member of the family finds their retreat. A boater's paradise awaits with 125 feet of canal frontage, a newer seawall, and a floating dock for kayaks. With direct access to the intercoastal and Gulf of Mexico, it's time for you to explore the alluring azure waters of the Gulf Coast. The home features practical luxuries such as hurricane-impact windows and doors. Both decks have no maintenance aluminum railings, a wood ceiling on the lower deck, and a steel-reinforced concrete on the upper deck. Most exterior walls are steel-reinforced concrete on all levels. Special features considered in the build include a 12-foot high garage door and roll-up hurricane-rated garage doors that open up to a 15 ft high garage ceiling, giving you plenty of space. If you have an EV, there's a 50-amp EV car charger outlet in the garage. The garage door openers are MyQ-linked, allowing for internet access control opening height. The driveway has a 1-foot incline above street level to prevent water intrusion and ease of vehicle door entry and exit. The metal roof is finished with closed-cell insulation. No HOA rental restrictions. Some outdoor extras include under-deck storage, a paver driveway, walkways, a sprinkler system, and exterior lighting. Longboat offers a luxurious vacation and beach lifestyle, with vibrant shopping, art, and beach communities, where you're close to Sarasota and Bradenton with endless activities. "Love where you Live" in this LBK property! Come see it today! Don't forget to Check out the Matterport 3D Link Above.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2022
MLS Number
A4598456
Location
Address
654 JUNGLE QUEEN WAY
City
LONGBOAT KEY
State
FL
Zip Code
34228
County
SARASOTA (CITY)
Listing
Provider
RE/MAX Alliance Group, original listing
Name
RE/MAX Alliance Group
Phone
(941) 954-5454
Office Name
RE/MAX ALLIANCE GROUP
Office Phone
(941) 954-5454
Agent Name
Brett Keyser, Jr

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HUD Foreclosures

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.