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3460 Mistletoe Lane
Longboat Key, FL 34228
Roger Pettingell with COLDWELL BANKER REALTY, original listing - (941) 383-6411
$3,600,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
2900 Square Feet
Property Description
Move in today and embrace the ultimate coastal lifestyle in this completely updated, turnkey furnished bayfront residence in the highly sought-after Corey’s Landing neighborhood. Designed with a fresh coastal contemporary aesthetic, this four-bedroom home showcases meticulous updates, offering a sophisticated retreat located directly on Sarasota Bay. With its prominent waterfront location, cathedral ceilings, and walls of brand-new impact glass, the residence is bathed in natural light, framing breathtaking panoramic views from nearly every room. Every detail of this nearly 3,000-square-foot home has been thoughtfully curated, blending modern elegance with timeless comfort. Recent updates include a new roof (2019), freshly painted interior and exterior, oak hardwood flooring throughout, and updated electrical and plumbing. A brand-new dock and 10,000-pound boat lift, set for completion in 2025, provide direct access to the bay for boating enthusiasts. Custom lighting, tailored built-ins, and a fireplace set against a striking shiplap wall complete the picture of contemporary luxury. Step inside to an open and inviting floor plan, elevated by designer furnishings and modern finishes. Floating shelves, crown molding, and carefully selected details create a space that feels both chic and welcoming. The expansive great room flows effortlessly into the chef’s kitchen, a true showpiece. Custom natural wood cabinetry, quartz countertops with a waterfall-edge island, and a dramatic full-height backsplash are paired with premium Viking appliances, including a 6-burner gas stove and warming drawer. This gourmet space is as functional as it is stylish, offering plenty of room for cooking, dining, and entertaining. Walls of brand-new sliding glass doors connect the indoor and outdoor living areas. Outside, the screened lanai is a haven of relaxation, with Travertine tile decking, a summer kitchen with a built-in grill, and spacious lounge and dining areas. The serene primary suite, located on the main level, is a private escape with two walk-in closets and a beautifully renovated en-suite bathroom featuring quartz finishes and designer fixtures. Two additional bedrooms on the main floor, one currently used as a cozy den, provide flexibility for guests or a home office. Upstairs, the fourth bedroom suite and bonus room offer an ideal retreat for overnight visitors or a quiet sanctuary for relaxation. Corey’s Landing offers a maintenance-free lifestyle within the secure gates of Longboat Key’s exclusive Bay Isles community. Steps from your front door, enjoy the community’s tennis courts for a friendly match or head across the street to the heated pool and spa, perfect for unwinding or socializing with neighbors. Residents also enjoy private access to the Bay Isles Beach Club, where pristine Gulf beaches provide a serene escape just a bike ride or short walk away.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1989
MLS Number
--
Location
Address
3460 MISTLETOE LANE
City
LONGBOAT KEY
State
FL
Zip Code
34228
County
SARASOTA (CITY)
Listing
Name
Phone
(941) 383-6411
Office Name
Office Phone
(941) 383-6411
Agent Name
Roger Pettingell
Agency Phone
(941) 383-6411

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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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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.