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2707 1st STREET, Indian Rocks Beach, FL, 33785 | $1,499,990
TROPICAL KEY WEST STYLE DUPLEX - INDIAN ROCKS BEACH! ONLY 2 BLOCKS TO THE BEACH! UNIQUE OPPORTUNITY to live in a stunning home with an spacious extra apt/ mother-in-law home. Lovingly built and occupied by IRB's past Mayor, this beautiful main house (apt 1/east side) is 3 bedrooms + enclosed office, 2. 5 bathrooms, 1 car garage and 1 under bldg parking. Stunning great room with high vaulted ceiling, custom Mexican Saltillo tile floors, built-in shelving and loads of windows, French doors accessing private wrap around porch. Private office/den located right off Great room with light & bright atmosphere with more windows and French pocket doors opening to the Great room. ***SELLER FINANCING OPTIONS***
Apt Home #2 (west side) is generous 2 bedrooms, 2 bathrooms, about 940 sq ft, 1 car garage with storage, 3 covered parking spaces. Featuring a great room plan plus a private porch overlooking the garden.
UPDATES: new metal roof 2017, some units feature newer hot water heater, new AC, new fridge, dishwasher.
BOTH homes have private covered porches, inside washer/dryer full size and extra guest parking outside, inside laundry closets with full size washer dryer in each unit.
See attached list of upgrades & FAQs.
WEST side of property has room for pool, hot tub, gazebo. tiki huts - check with City of IRB for permitting requirements. Highly desirable location, newer construction, elevated building, over 20 years steady rental income! Currently rented to long term, very nice tenants at below market rent due to being listed for sale. Live in one and rent out other! SHORT TERM RENTALS ALLOWED. ADJACENT south quadplex property for sale as well. Great chance to have a fantastic vacation resort or knock down and build new. Unlimited opportunities and income for the right beach loving owner! Located within walking distance to local restaurants, attractions including the IRB Nature Preserve, many parks with tennis/pickleball, basketball, baseball field, skateboard park, playground. EASY, convenient access to the beautiful Gulf beaches via 27th Ave beach access, perfectly situated for both leisure and ease of commuting. BRING YOUR BOAT - community boat ramp less than 1 block away! The beach community offers waterfront activities, dining, and shopping, making it an ideal location. IRB is golf cart friendly. Many options with this unique property as primary residence with mother in law apt, 2nd home getaway with short term rentals (STR) - NO minimum rental in IRB. AIRDNA estimates $240K gross rental as a STR. Well maintained, new owners will enjoy a worry-free lifestyle! VERY unique building design and opportunity! ***DO NOT DISTURB TENANTS***
Features
- Bedrooms: 6
- Units: 2
- Lot Size: 60 x 120
- Laundry: Electric Dryer Hookup, Inside, Laundry Closet, Upper Level, Washer Hookup
- Year Built: 2000
- Garage: 2-car Boat, Covered, Curb Parking, Driveway, Garage Door Opener, Garage Faces Side, Golf Cart Garage, Golf Cart Parking, Ground Level, Guest, Off Street, On Street, Parking Pad, Under Building, Workshop in Garage
- Heating: Central, Electric
- Cooling: Central Air
- Approx Sq. Feet: 2,907
- Acreage: 0.17
- Lot Size: 60 x 120
- Est. Taxes: $11,744
- Lot Desc: Conservation Area, Flood Insurance Required, FloodZone, City Lot, In County
- View: Garden, Trees/Woods
- Pet Policy: Yes
- Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Refrigerator, Washer
- Lease Terms: >6 Months <12
- MLS#: U8241725
- Days on Market: 43 days
- Website: https://www.raveis.com
/prop/U8241725/27071ststreet_indianrocksbeach_fl?source=qrflyer
Listing courtesy of LIZARD REALTY Phone: 727-455-2832
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
2707 1st STREET, Indian Rocks Beach, FL, 33785
$1,499,990
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,199,992 | $1,199,992 | $1,199,992 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.125% | 7.000% | 6.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.838% | 7.141% | 7.082% |
| Monthly Tax Payment | $979 | $979 | $979 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,085 | $7,984 | $10,702 |
| Total Monthly Payment | $9,189 | $9,088 | $11,806 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388