Under contract-accepting backup offers. The Gulf Gate Resort is a direct beachfront condo-hotel vacation rentals Resort directly overlooking the Gulf of Mexico on beautiful St. Pete Beach, which has often been voted the number one beach in the US. Enjoy beautiful sunsets from this fabulous 1 Bedroom 1-1/2 bath corner unit with2 balconies - 1 Ocean view and 1 Bay view. This fully furnished, turnkey, spacious vacation condo sleeps 4 and features a fully equipped kitchen, washer, dryer, Murphy bed in the living room, owner’s lockout closet and storage closet on the East balcony. Amenities include secure lobby access, elevator, guest parking, a heated swimming pool, Jacuzzi, fitness room, billiard room, community room/library, a pavilion to enjoy gatherings, barbecues and the community enjoys a private boardwalk/access to the beach. Not only will you enjoy wonderful vacations for you and your family, BUT ALSO REAP THE BENEFITS FROM THIS INCOME PRODUCING PROPERTY - owners are allowed a maximum of 90-day annual occupancy. The Resort has a full-time on-site management office. Close proximity to several area restaurants, shops, grocery store, sunset sailing cruises and dolphin watching. Easy access to the Interstate. Approximately 45 minutes to Tampa International Airport or St. Petersburg/Clearwater Airport, 15 minutes to downtown St. Petersburg. On site rental Manager, short term rentals allowed (3 day minimum). When not in use for your own vacation, this property brings in income from other guests staying at the Resort. The Condominium Association has fully funded reserves. Many income producing reservations are already in place; owner's P&L, Association financials are available upon request.
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Our Executive Mortgage Banker:
Our Insurance Division:
$495,000
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 | $396,000 | $396,000 | $396,000 |
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 | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $448 | $448 | $448 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,668 | $2,632 | $3,340 |
Total Monthly Payment | $3,191 | $3,155 | $3,863 |
* 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.