Exceptional opportunity to own that beach property you have been dreaming of and waiting for!! With stunning unobstructed views of sparkling blue Gulf waters, and soft, sandy beaches, this furnished townhouse with a very desirable two-level floorplan offers not only the joy of beach living but an investment property that few compare! Take advantage of the minimum rental period of only 7 days booked through the onsite resident manager at no extra managerial charge and/or rent it yourself to capitalize on your rental income! The Fiddler on the beach, located on 300 feet of stunning beachfront and lush landscaped grounds, offers a small complex of only 34 units and a tropical paradise to be enjoyed all year round! Swim all day in the large beach front heated pool surrounded by extensive deck area, relax and soak up the beach vibes so prevalent in this friendly very desirable community. The residence has been enjoyed as a second home and has lovely furnishings, newer top of the line sliders, and additional storage area off the second bedroom. Memories are created on the inviting balcony (13”x6”) or around the breakfast bar with its open concept floorplan. Upstairs primary and guest suites offer privacy for those who prefer a quieter setting. Intracoastal is just across from the building with private dock for fishing or day dockage. SUNRISE and SUNSET views!! This is an exceptional property for the investor who wants to use it as a beach get away and rent it when they are not. Potential for revenues is impressive!! The city of Indian Rocks Beach is known for its fabulous beaches, friendly small town atmosphere, and outstanding restaurants; everything is convenient. Walk or take the trolley…. but hurry! Properties this nice don't last!
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $655,200 | $655,200 | $655,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.296% | 6.622% | 6.680% |
Monthly Tax Payment | $826 | $826 | $826 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,250 | $4,141 | $5,708 |
Total Monthly Payment | $5,168 | $5,059 | $6,626 |
* 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.