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LOCATION, LOCATION LOCATION!!! This Beach House is located just steps from the Gulf of Mexico and the famous Caddy's Waterfront on Sunset Beach. This is the vacation rental you've been thinking about. The home is elevated to keep flood insurance low but also provides over 1000 sq ft of bonus space below the house. Currently, there is a 1 car garage with the rest of the space below being used as storage. Bring your imagination! Walking up the stairs to the living space, you will discover a beautifully appointed interior, where natural light cascades through large windows and skylights from 18 ft cathedral ceilings. The open-concept living area is perfect for entertaining, with a seamless flow from the living room to the dining area and kitchen. The home is a true 3 bed/2 bath with the cathedral ceilings exuding a sense of grandeur and spaciousness. The Master Bedroom enjoys an en-suite bath, walk-in closet, skylight and even has a separate entrance! If you're not at the beach, most of your time will probably be spent on the covered front porch overlooking the lush palm trees. The perfect outdoor setting to relax, grill, entertain, and sip on your morning coffee. Come discover Coastal Living at its finest just steps away from the sandy shores of the Gulf of Mexico, crystal-clear blue waters, and famous beach restaurants. When you are not using it, you will have a long list of people who will pay handsomely for the opportunity to stay here. There are currently a few future bookings in place a new buyer would benefit from. Your piece of paradise awaits!
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Our Executive Mortgage Banker:
Our Insurance Division:
$724,900
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 | $579,920 | $579,920 | $579,920 |
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 | $865 | $865 | $865 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,524 | $3,524 | $4,586 |
Total Monthly Payment | $4,480 | $4,480 | $5,542 |
* 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.