Discover the perfect blend of luxury and convenience in this oceanfront community, offering short-term rental possibilities for investors or the ideal second home for buyers seeking a slice of paradise. Whether you're looking for a lucrative investment opportunity or yearning to make this your own personal retreat, this turnkey condo is sure to exceed your expectations with a spacious 2 bedroom, 2. 5 bath floor plan and stunning views that stretch across the heated pool and peek out to the glistening Atlantic Ocean. Located directly next door to the St. Augustine Pier, this oceanside home is walking distance to beach concerts, farmers markets, restaurants, shopping and more. Pier Point South condominiums offer excellent rental revenue with onsite management and a prime spot on the highly desirable non-driving stretch of St. Augustine Beach. This income generating property has current reservations throughout the spring & summer - so step right in and start earning! This beach home is being offered turnkey with all appliances including washer/dryer and fully-furnished! The kitchen has been completely remodeled, including glass front cabinets, granite countertops, and all new appliances. With an entryway wall removed, this condo boasts improved sight lines and plenty of natural light. The big ticket items are done - newer HVAC that is regularly serviced, new refrigerator warrantied until June 2028, new Bosch Dishwasher, New Whirlpool Microwave, & newer washer / dryer stacked unit. The master bathroom has been updated with a new sink vanity and faucet, as well as shower faucet with easy access port in primary bedroom. The window balances have even been replaced in all the windows, ensuring you years of inviting ocean breezes and crashing waves. For added convenience, the condo has been fitted with a whole house water shut off and separate shutoffs for the bathrooms and kitchen. Luxury Vinyl Tile Flooring has installed on the first floor, stairway and upstairs landing for easy care and relaxed beach living. Short term vacation rentals are allowed in this complex. Rental restrictions: 3 nights minimum. Owners are allowed pets, renters are not. Other restrictions: pet size less than 20lbs. Parking is limited to 1 space per unit plus one guest spot.
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Our Executive Mortgage Banker:
Our Insurance Division:
$509,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
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 | $407,920 | $407,920 | $407,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.160% |
Monthly Tax Payment | $522 | $522 | $522 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,714 | $2,680 | $3,415 |
Total Monthly Payment | $3,328 | $3,294 | $4,029 |
* 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.