Welcome to this bright and vibrant, newly updated 1 bedroom 1 bath 430 sq ft. suite at waterfront gated Madeira Beach Yacht Club. Quiet second floor walkup with outdoor seating area. All new flooring, updated full size bath, new solid surface kitchen with upgraded cabinetry. New range and refrigerator. All new furnishings throughout. This unit is already generating income with advance reservations in place. This
waterfront Community is located less than ONE Block to the Beach! You can walk to the beach from this unit – no need to drive! This unit has been completely renovated and is being sold FULLY FURNISHED – TURN KEY! This is a Gated community with ample parking. There are partial GULF VIEWS from the front balcony and AMAZING water views from the back patio which offers a table with umbrella and a private grill! Rent 7 day minimum. Recent updates/upgrades: All windows have been replaced w/ hurricane proof windows. AC Unit replaced 2024. Kitchen and Bath have been completely remodeled with granite counters, newer fixtures, Washer/dryer inside unit, newer cabinets and vanity, newer tile floors and more! The unit will sleep 4 (2 on pull out couch and 2 in master bedroom. ) There is a large closet and attic access for additional storage. This unit is fully furnished and stocked, turn-key and ready to occupy or rent immediately! On-site amenities include; work out rooms, Sauna, 2 Steam rooms, 2 Pools, Billiards room, Club house, and 4 Piers. WALK to the beach and to ROC Park, Yoga, Tennis courts, Dog park, Playground, Recreation center, Library, Winn Dixie and more. Walking distance to Restaurants and
Downtown Madeira Beach. Boat slips may be available for rent from private owners or may be purchased (when available). Condo fees include all expenses except electric. Own your piece of paradise and earn income from rentals to pay for it.
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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 | $303,920 | $303,920 | $303,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $302 | $302 | $302 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,022 | $2,020 | $2,563 |
Total Monthly Payment | $2,399 | $2,397 | $2,940 |
* 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.