High and dry, never flooded. A truly one-of-a-kind property with water views and direct access to the Port 32 Marina, right from your back yard, but without the trouble and responsibility of maintaining your own seawall or dock. This is a piece of history and a rare opportunity to own one of the most unique lots on the island paradise of Tierra Verde. The mid-century modern house was built in 1967 and is a testament to the high style of Tierra Verde's early history, the days when Frank Sinatra, Guy Lombardo, Marlene Dietrich, and other stars would gather at the old Port O'Call resort marina. With the original master bedroom on the ground floor and a second master on the 2nd floor, plus a guest bedroom and an office, the home offers a wide range of possibilities for exceptional island living. The pool is set in a generous patio overlooking the marina, and you'll enjoy water views from the main living areas and the upstairs master. Priced $300, 000 less than the sale price of the home two doors down, which was sold at lot value, this house offers an affordable way to create a new headquarters for the perfect island life. Tierra Verde is one of the most sought-after communities in Tampa Bay, being perfectly located on the Pinellas Bayway between mainland St. Petersburg and the white sands of the Gulf Beaches. Surrounded by supreme boating water and stunning views, the island offers an unmatched lifestyle, with 11 excellent restaurants right on the island, tennis courts, a playground, and a vibrant community, plus, Tierra Verde is the gateway to Ft. DeSoto, featuring miles of walking/biking/running/blading trails, award-winning pristine beaches, world-class kayaking, and so much more. Cross over the new bridge and you'll find the Isla del Sol Yacht and Country Club, and you'll be within minutes of historic Pass-a-Grille, St. Pete Beach, and endless Gulf-front fun. In the other direction you have super quick access to 275, putting the vibrancy of downtown St. Petersburg within a short drive, and you'll have quick access to multiple airports, including TPA, PIE, and SPG. This is truly a rare opportunity to own a piece of the island paradise of Tierra Verde. We don't expect this to last long, so call your Realtor today.
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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 | $799,200 | $799,200 | $799,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $245 | $245 | $245 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,184 | $5,117 | $7,017 |
Total Monthly Payment | $5,521 | $5,454 | $7,354 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.