1301 Bay DRIVE N, #7A, Bradenton Beach, FL, 34217 | $595,000

Investor alert!!! Here's your chance to have your cake and eat it, too. Have your own great vacation getaway whenever you want, and then rent it out the rest of the time and make $$$$$. With the ability to lease this 2bd/2bath unit out weekly, this is a great investment opportunity. Bay Watch is an intimate complex of just 16 units centered around a heated pool and located directly on the inter-coastal waterway. There is a private dock just for Bay Watch residents and guests, so bring your boat or other water toys and enjoy. Bay Watch is also just a short walk to the beautiful white sand beaches and emerald, green waters of the Gulf of Mexico. Walk over to the beach in the early evenings and experience our amazing sunsets and refreshing sea breezes. This unit comes fully furnished and has 2 covered parking spots directly below the unit. The AC (2016). The 2 bedrooms are a split design and each features a large walk-in closet. The master bedroom has an en suite bath. A stack washer/dryer is located inside the unit for added convenience. Two sets of sliding doors in the living room open to the deck overlooking the pool, making the interior feel very spacious and providing lots of natural light. Bay Watch is centrally located and within walking distance of restaurants and shopping and the free island trolley. Isn't it time to have your own slice of paradise on beautiful Anna Maria Island? New kitchen with quartz counters and stainless appliances, New Hurricane windows and doors. Freshly painted and sold with future bookings that will convey with the sale. Condo fee is going down in 2025 to $2325 a quarter

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 2
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Inside, Laundry Closet
  • Complex: BAY WATCH CONDO
  • Year Built: 1982
  • Approx Sq. Feet: 1,079
  • Acreage: 0.72
  • Est. Taxes: $4,023
  • Condo Fee: $2,325 Quarterly
  • Lot Desc: Cul-De-Sac, City Lot, In County
  • View: Pool, Water
  • Elem. School: Anna Maria Elementary
  • Middle School: Martha B. King Middle
  • High School: Manatee High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4613268
  • Days on Market: 148 days
  • Website: https://www.raveis.com
    /prop/A4613268/1301baydriven_bradentonbeach_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/22/2024 5:32:21 PM)
Listing courtesy of RE/MAX ALLIANCE GROUP   Phone: 941-778-7777

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1301 Bay DRIVE N, #7A, Bradenton Beach, FL, 34217

$595,000

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

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $476,000 $476,000 $476,000
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 $335 $335 $335
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,207 $3,164 $4,014
Total Monthly Payment $3,634 $3,591 $4,441

* 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.