Seize the Opportunity: A Premier Investment on the Pristine Shores of N Redington Beach!
Introducing an incredible chance to own a slice of paradise with this 25-unit, 2-story condo-hotel, perfectly situated directly on the Gulf of Mexico at N Redington Beach. This rare gem, known as Far Horizons, offers not only a stunning beachfront lifestyle but also a fantastic investment opportunity through its full-service management, allowing for two-night minimum rentals.
Imagine owning a beautifully furnished efficiency unit that exceeds 400 sq. ft. , complete with brand new flooring, lighting, and chic, comfortable chairs. This unit presents a harmonious blend of luxury and efficiency, featuring a serene view of the large heated pool and a partial vista of the Gulf's sparkling waters. The appeal of this unit is undeniable, whether for personal enjoyment or as a in-demand rental property.
This condo-hotel is an investor's dream, offering the flexibility to enjoy the unit for personal use or to capitalize on its rental potential. The management team handles everything, making it a hassle-free income generator. Your guests will be enchanted by the immediate access to beautiful beaches, the crystal-clear Gulf waters, and amenities like shuffleboard, BBQ grills, and breezy card game tables.
The location is unbeatable. A mere 30-second stroll through the breezeway leads directly to the beach, where the sunsets are truly magical. Plus, the convenience of open parking, an on-site laundry facility, and a low monthly maintenance fee of $250 makes ownership worry-free. The area is alive with vibrant restaurants, beach shops, bars, and is a short drive from John's Pass and St. Pete, adding to the allure for guests.
For potential buyers looking for a cost-effective entry into the beachfront market, this unit is a standout. It appeals to savvy investors, frequent beach-goers, or anyone looking to combine a personal vacation home with an income-producing property.
Don't miss out on this exceptional opportunity to invest in your future while owning a piece of beachfront luxury. This condo-hotel at Far Horizons embodies the perfect balance of pleasure and profitability. Secure your future with this turnkey investment and enjoy the best of Florida's Gulf Coast living. Act now to claim your own piece of paradise at N Redington Beach!
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Our Executive Mortgage Banker:
Our Insurance Division:
$369,000
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 | $295,200 | $295,200 | $295,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.815% | 7.159% | 6.538% |
Monthly Tax Payment | $244 | $244 | $244 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,964 | $1,962 | $2,531 |
Total Monthly Payment | $2,283 | $2,281 | $2,850 |
* 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.