Back on the market due to financing falling through, this stunning condominium at "The Majestic Point" offers an exceptional opportunity for waterfront living on Island Estates. As one of the most exclusive boutique condos in the area, the property boasts just 14 residences, each with its own private boat slip. This unit includes a 12, 000 lb. boat lift with a brand new $1300 control box, providing seamless access to open water. From the living room, kitchen, and primary bedroom, you'll enjoy mesmerizing open water and sunset views, with sailboats and cruisers gliding by outside your windows. A sprawling, covered balcony offers the perfect spot to relax and soak in the sunsets, rain or shine.
The open-concept design of this home enhances its spacious feel, featuring a chef-friendly kitchen with stainless steel appliances, granite countertops, custom cabinetry, and a massive island with seating. The split-bedroom layout ensures privacy, with the primary suite offering balcony access, his-and-her custom closets, and a spa-like ensuite with a soaking tub, double vanity, and oversized walk-in shower. Additional highlights include custom electric window treatments, crown molding with ambient lighting, tray ceilings, and a new $15, 000 A/C system installed in June 2023.
The building offers exceptional amenities, including an inground pool with a heated spa, grilling and dining areas, a secure storage locker, and under-building parking with gated access. The private boat slip, equipped with a 12, 000 lb. lift, 220-amp service, water, and night lighting, accommodates vessels over 30 feet with ease. Located less than a mile from Clearwater Beach, the Island Estates community is a self-sufficient haven with nearby Publix, fine dining, and the Clearwater Aquarium. Just over the bridge, you'll find PGA golf courses, top-rated hospitals, and all the conveniences of the mainland. With its luxurious design and unparalleled amenities, this property offers a rare chance to live the ultimate waterfront lifestyle?just be prepared for family to visit and never want to leave!
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NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | $1,254 | $1,254 | $1,254 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,306 | $4,248 | $5,390 |
Total Monthly Payment | $5,652 | $5,594 | $6,736 |
* 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.