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Under contract-accepting backup offers. OWNER SAYS SELL THE PROPERTY. MAJOR PRICE REDUCTION
South Manasota Key Waterfront Duplex. This includes 4 grandfathered dock slips and includes parking spaces for up to 6 vehicles. These are spacious 2 Bedroom 2 Bath villas that are currently family owned and occupied. They have not been available for rent recently, but there is very strong demand for this type of property for short term and seasonal rentals. Vacation rentals have been the family business for many years in this area.
The structure consists of 2 separate homes each with its own private entrance. Both are 2 Bedroom 2 Baths and total about 1, 600 square feet per side. Each bedroom in the home has it's own bathroom facilities, and there is a full size kitchen in each home. The home is grandfathered in the public records as a Duplex / Triplex although it is currently set up as a duplex home. The property is just minutes away from great fishing in Lemon Bay and it features direct access to the Intercoastal Waterway and the Gulf of Mexico through Stump Pass. The dock slips will accommodate boats up to 28' in length drawing as much as 42" in depth. The property is fully seawalled and features a fish cleaning station at the end of the main dock. You are sure to enjoy the waterfront patio overlooking Lemon Bay and the docks. The main home features a great room kitchen, dining room and family room which also with a great view of the waterfront. There is plenty of storage, and parking for 5 or 6 cars. This home features a deeded beach easement to a great beach that is 1 block away. If set up as an income producing property, each side should be able to generate $50, 000 plus in rental income. Some repairs from Hurricane Ian are still underway.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.838% | 7.002% | 6.936% |
Monthly Tax Payment | $921 | $921 | $921 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,468 | $6,307 | $8,495 |
Total Monthly Payment | $7,514 | $7,353 | $9,541 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.