Under contract-accepting backup offers. Welcome to this exquisite beachfront condo located directly on the Gulf of Mexico. Featuring 3 bedrooms, 2 bathrooms, and spanning 1, 400 square feet, this newly renovated unit offers a turn-key opportunity for income-producing potential with weekly rentals allowed.
The condo features a smartly designed layout with designer finishes and furnishings throughout the unit along with a wood-burning fireplace, hurricane rated sliding doors and windows and a spacious deck boasting incredible waterfront view. The newly renovated kitchen features top-of-the-line upgrades including new cabinets, granite countertops, stainless steel appliances, marble backsplash, and under-counter lighting. The main bedroom is a retreat in itself, hosting a king size bed set, a desk, a sliding door to the balcony, a large walk-in closet, and a walk-in shower. With split bedrooms for privacy, bedrooms 2 & 3 also feature desks, offering a perfect blend of work and relaxation.
As you step outside, the heated pool and hot tub located on the Gulf side large open pool deck with BBQ grills and restrooms provide a perfect setting for relaxation and entertainment. The outdoor space of this building is a rarity among beachfront condos. Watch the sunset while enjoying one of the best outdoor spaces in the area.
Conveniently located near St. Pete-Clearwater and Tampa International Airport, this unit includes one under-building parking space, guest parking, a car wash area, bike racks, and kayak storage. Close to shopping, public transportation, restaurants, and easy access to I-275, this beachfront condo offers a blend of convenience and luxury.
The unit is being sold "turnkey", allowing for immediate enjoyment or income-producing potential through weekly rentals. Projected annual income is $75, 000 to $80, 000 according to Hello Sunshine Vacation Rentals, who manages other condos in the community. The sellers currently use the condo as a second home and rent it about 60% of the year. On-site superintendent services and high-dollar short-term rental income make it an appealing investment.
Don't miss out on this unique opportunity to own a luxury beachfront property with a quiet, uncrowded, and sugary white sand beach, perfect for enjoying the best sunsets and sunrises. This is your chance to experience the epitome of beachfront living in Indian Shores, FL.
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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 | $856,000 | $856,000 | $856,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.838% | 7.141% | 7.082% |
Monthly Tax Payment | $759 | $759 | $759 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,767 | $5,695 | $7,634 |
Total Monthly Payment | $6,651 | $6,579 | $8,518 |
* 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.