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4473 Gulf Of Mexico Drive
Longboat Key, FL 34228
Roger Pettingell with COLDWELL BANKER REALTY, original listing - (941) 383-6411
$4,495,000
Conventional
Property
Bedroom
4
Bathroom
Full: 4
Property Type
Conventional
Square ft
2943 Square Feet
Property Description
Nestled along the pristine shores of Longboat Key, this direct Gulf-front getaway offers an exceptional beachfront lifestyle and modern updates. With the beach in your backyard, this rare mid-Key offering captures breathtaking sunsets and mesmerizing water views from nearly every room. Thoughtfully updated, the nearly 3,000-square-foot, two-story residence features engineered wood flooring, impact-rated windows and French doors, storm shutters, and a reimagined gourmet kitchen. The open-concept main level is designed for effortless indoor-outdoor living, where the Gulf-front living room seamlessly flows into the dining area with a fireplace and a chef’s kitchen. A culinary retreat boasting an expansive island with breakfast bar, marble countertops, stylish tile backsplash, and top-tier stainless steel appliances, including a Wolf gas range, Sub-Zero refrigerator, and Miele dishwasher. Custom cabinetry provides abundant storage, ensuring both function and beauty. Two guest suites, positioned on opposite ends of the main floor, offer enhanced privacy for visitors. A gracefully winding staircase leads to the upper level, where the Gulf-front primary suite serves as a serene sanctuary. Wake up to uninterrupted water views and indulge in the spa-like en-suite bathroom featuring marble finishes, dual vanities, and his-and-her walk-in closets. A third guest suite completes this level, offering comfort and privacy. Outside, enjoy pavered walkways framed by wrought-iron gates, two-car garage, and Gulf-front pool deck designed for relaxation and entertaining. Step directly onto the sandy shores and into the tranquil waters of the Gulf of Mexico, embracing the ultimate Longboat Key lifestyle. Ideally situated on mid-Longboat Key, this home is moments from championship golf and fine dining at Longboat Key Club, boutique shopping, and the cultural attractions of St. Armands Circle and downtown Sarasota. Whether seeking a primary residence or a coastal escape, this rare Gulf-front gem delivers an unparalleled experience in one of Florida’s most sought-after destinations.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Condominium
Year Built
1959
MLS Number
--
Location
Address
4473 GULF OF MEXICO DRIVE
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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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.