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One or more photo(s) has been virtually staged. HIGH AND DRY! No storm damage here! This home is a concrete fortress, built to the most current codes and has proven steadfast in its protection from storms, wind, rain and has not been subject to any flooding. Back on Market! Buyer's loan denied, no fault of the home. Inspection and appraisal were GOOD! LOWEST PRICED NEW CONSTRUCTION ON THE BEACHES! Developers' Closeout! Brand New Construction in 2023. Own and live in your own Piece of Paradise by the Beaches and homestead your property for Resort Style Living, or thrive in 3 month luxury rental income. Walk to World Famous Johns Pass Village, beaches and restaurants. Feel like you're always on vacation! Free Beach trolleys and Madeira Beach parking passes also available. This two story home is solid concrete construction with hurricane impact windows and doors for your safety and protection, boasting a 15 ft. elevation. This rarely available brand new constructed home has been built to strict hurricane impact codes and standards. This home will feature granite countertops in the kitchen and baths, beautiful tiled shower and tub surround, wood plank-look tile flooring, shaker cabinets and concrete construction from bottom to top. Imagine the many years of stress-free living you will have in the great new home. Built by a long-time local contractor that has built many homes on the Gulf beaches. This open concept floorplan and the 10' ceilings throughout create a comfortable and spacious environment. Built to all current codes which will help you to realize savings on insurance and energy costs. Relax in your secluded fenced backyard which has room for a pool and there is an adjoining extra large outdoor covered entertainment area with lighting. Make this your own private tropical oasis before its too late! Now is your chance to own a piece of paradise, with the peace of mind knowing everything is new.
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Our Executive Mortgage Banker:
Our Insurance Division:
$798,900
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 | $639,120 | $639,120 | $639,120 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 5.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.278% |
Monthly Tax Payment | $352 | $352 | $352 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,883 | $3,883 | $5,054 |
Total Monthly Payment | $4,327 | $4,327 | $5,498 |
* 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.