Under contract-accepting backup offers. WOW, REDUCED PRICE AND MOTIVATED SELLER on this rarely available waterfront condominium in the coveted and gated Fairway Bay enclave of Bay Isles on Longboat Key, with beautiful unobstructed Bay, Channel, and Downtown Sarasota vistas, effortless access to the Bay from your deeded 40' boat dock (which can be rented out), and beach access at the private Bay Isles Beach Club. You can have it all in this spacious townhome with 2 bedrooms, 2.5 baths plus large bonus room! Featuring an open and bright ambiance which unfolds as you enter the front door to find a soaring 2-story ceiling, multiple skylights, and a neutral coastal tone. The main living space is centered around unobstructed water views, a marble-surround fireplace, large living room, dining room that is currently used as a sitting area, and seamless flow to the lovely light-filled lanai overlooking the tranquil channel and your private dock just steps away. The updated kitchen blends style and function with granite counters and backsplash, stainless appliances, glass-front illuminated cabinetry, a pantry, and a cheerful dining area framed by large windows. Upstairs, the flexible floor plan provides 2 private suites with ensuite baths which are both ideal for a primary or guest suite. The current primary suite features a large bedroom, walk-in closet, and an updated ensuite bath with glass surround shower and granite countertop. The split plan provides ideal privacy for the guest suite/office which boasts a wide picture window capturing the shimmering waterway, a generous walk-in closet, a bright bath with skylight, dual sinks, bathtub and tiled finishes. A versatile lower level includes a spacious air-conditioned bonus room for storage, a home gym or workshop, and parking for 2 cars, with a Garrison flood-protection system for extra peace of mind. Recent updates include new interior paint. Residents of Fairway Bay enjoy a refined resort lifestyle with 24-hour gated security, 2 heated pools, tennis and pickleball courts, a fitness center, a clubhouse for social gatherings, on-site management, and generous guest parking. As part of Bay Isles, owners also have deeded access to the private Bay Isles Beach Club on the Gulf of Mexico plus optional membership to the Longboat Key Club. Enjoy morning breezes over the water, dazzling sunsets, canopied walking trails, and the freedom to explore Sarasota Bay directly from your dock define an unmatched blend of serenity and coastal recreation. Life on Longboat Key offers effortless access to St. Armands Circle, Lido Beach, downtown Sarasota, and Anna Maria Island, creating the perfect balance between island tranquility and sophisticated coastal living.