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60 Lighthouse Point Drive
Longboat Key, FL 34228
$10,500,000
Conventional
Property
Bedroom
5
Bathroom
8
Property Type
Conventional
Square ft
7170
Property Description
A PVT BEACHFRONT HOME W/ A PROTECTED DEEP-WATER DOCK! This remarkable res. is nestled on just over 3qtrs of an acre along the inlet of New Pass, where the Gulf of Mexico flows into the waters of SRQ Bay. Over 7,000SF of grandeur & sophistication exudes an exclusive luxurious lifestyle w/ a LBK address. The spacious 2-story interior boasts a main flr primary suite & study, plus a secondary suite upstairs along w/ 2 more full bed/ba en-suites. An elevator accesses the ground flr 3+CG all the way to the upper-level. Lavishly appointed w/ fine fixt. & finishes including polished stone, architectural elements, handcrafted woodworking, detailed clgs, granite, built-ins, dramatic lighting, furn. quality cabinets, 3 gas fp’s, & clg to flr glass showcasing sensational views. A Butler’s Pantry, a beverage ctr & 1 of 2 wet bars complement a gourmet kitch. w/ a bkfst bar. Top-of-the-line appls. incorporate a gas cooktop w/ an ornate range hood, dbl ovens, a warming drawer, a Sub-Zero fridge, & a DW. A 2nd DW can be found in the nearby lndry rm (there is also a W/D closet on the 2nd flr). 2 1st flr powder rms for guests. Waterside den/study adjacent to the primary Br on the first flr. Beyond dbl doors, water vistas set the stage for the opulent Owner’s Retreat offering a built-in media ctr, a sitting area & expansive dbl doors opening out to the pool, spa & the sound of the waves. 2 individual Calif.-style walk-in closets can be found in the combined dbl ba. Spa-like features include a Romanesque shower w/ multiple nozzles & a glass door, a sep., elevated jetted tub, a single vanity w/ dual sinks & a makeup table, plus another vanity w/ a 3rd sink, 2 lavatories, & a bidet. The 2nd-flr landing & catwalk present another lndry area & equipped wet bar, & a convenient full ba. The attached balcony elevates the views, overlooking the pvt beach at the water’s edge. Brick pavers surround the sparkling, heated pool, & spa. A covered lounge, a summer kitch. & a designated outdoor ba make this a year-round oasis that continues to your own white sand beach on New Pass. Soak up the sun & gaze at frolicking sea gulls, playful pelicans & dolphins sprinting w/ the boats as they make their way to & from the gulf. Or if you prefer, navigate your own vessel from a deeded boat slip just inside the 40-ft-deep basin at Lighthouse Point. Promising an enjoyable day traversing SRQ Bay or fishing the treasured deep waters of the Gulf of Mexico. Lighthouse Point is behind 3 gates; one has a 24/7 guard. As part of this exclusive gated comm., w/ only 16 homes, resident activities also include a tennis court. If you are craving a larger social aperture, it is adjacent to the LBK Club. The Links on Longboat is a seaside course w/ an incredible golfing experience, accommodating any level of play. Memberships to this premier club are tailored to suit many types of interest; w/ a 2nd harborside golf course, tennis courts, restaurants & lounges, fitness ctr, & spa, as well as concierge services. Plus, the LBK Club Moorings (harborside), a full-service deep-water marina w/ affiliation options. Living on LBK commands an expectation of modern conveniences. W/ a myriad of shopping & dining all nearby. Because of its prestigious southernmost shore location on the key, both St. Armand’s Circle & Downtown SRQ, w/ its diverse cultural scene, are also a short drive. Room Feature: Linen Closet In Bath (Primary Bedroom 2).
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2000
MLS Number
A4595437
Location
Address
60 LIGHTHOUSE POINT DRIVE
City
LONGBOAT KEY
State
FL
Zip Code
34228
County
SARASOTA (CITY)
Listing
Provider
Candy Swick & Company, original listing
Name
Candy Swick & Company
Phone
(941) 954-9000
Office Name
CANDY SWICK & COMPANY
Office Phone
(941) 954-9000
Agent Name
Candy Swick

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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.