Attention Investors and Rental Property Enthusiasts! This once-stunning beach cottage offers an incredible opportunity to create the ideal rental retreat on beautiful Manasota Key. Recently impacted by storms, the home has been fully remediated with drywall removed up to the ceiling, and electrical and plumbing exposed for easy access during restoration. All appliances, cabinets, and the hot water heater have been removed, making it ready for your custom touch. With pre-storm photos available, you’ll see how this property once radiated charm and beauty. The cottage boasts HURRICANE RATE WINDOWS and a durable METAL ROOF—both unscathed by the storm—ensuring peace of mind for future owners and renters alike. Imagine transforming this cottage into a quintessential Florida rental escape. Located just steps from both the Gulf of Mexico and Lemon Bay, and bordered by the serene Stump Pass State Park, this home offers guests the perfect blend of natural beauty and relaxation. The lanai remains intact with all screens undamaged, providing a cozy space to unwind. Guests will love exploring nearby beaches for rare shells, kayaking with playful dolphins, or simply basking in Florida’s sun-soaked splendor. The home’s layout features a flexible, open floor plan that effortlessly blends relaxation with entertainment spaces, perfect for hosting gatherings or offering guests a premium vacation experience. With two master suites providing privacy and comfort, the setup is ideal for accommodating multiple guests. Join the community of sun-seekers and offer renters a taste of the Gulf Coast lifestyle, where every day promises new outdoor adventures—from sunset beach walks and kayaking in the intercoastal waters to world-class boating and fishing. This beach cottage is more than a property; it’s a prime opportunity to create a sought-after rental oasis where guests can relax and embrace the warmth and beauty of Florida’s coast.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $340,000 | $340,000 | $340,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $670 | $670 | $670 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,262 | $2,260 | $2,867 |
Total Monthly Payment | $3,007 | $3,005 | $3,612 |
* 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.