Beachfront property with income potential on Treasure Island Beach! This beautifully remodeled 1-bedroom, 1-bath beachfront condo at Island Inn Beach Resort offers an unbeatable combination of beachfront vacations and investment potential. With the ability to stay up to 3 months a year and generate income for the rest, this property is the perfect blend of personal retreat and rental opportunity. Enjoy views of the sandy beaches of Treasure Island and the sparkling Gulf of Mexico right from your condo. The unit has been stylishly updated with wood plank tile flooring, granite countertops, and a fully remodeled decorative bathroom featuring a tub and single vanity. It comes fully furnished with a king bed, full-size sofa bed, dresser, dining set, and mounted TV, making it move-in ready. Island Inn Beach Resort offers resort-style amenities including a beachfront heated pool, Tiki bar, lounge area, BBQ grills, beach volleyball, community boat slips, a fishing pier, and even RV parking. Recent building renovations include modernized elevators, a refreshed lobby, EV charging stations, and more, ensuring the property remains up-to-date and attractive to guests. Monthly maintenance covers all utilities, cable, Wi-Fi, building insurance, grounds maintenance, and more, making ownership simple and stress-free. With no rental restrictions, you have the flexibility to maximize your investment potential. Whether you’re lounging by the pool, sipping a cocktail at the Tiki Bar, or enjoying the sunset from your balcony, this condo offers a slice of paradise with the added benefit of steady rental income. Don’t miss out on this incredible opportunity to own a piece of Treasure Island!
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Our Executive Mortgage Banker:
Our Insurance Division:
$400,000
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 | $320,000 | $320,000 | $320,000 |
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 | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $473 | $473 | $473 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,129 | $2,127 | $2,744 |
Total Monthly Payment | $2,677 | $2,675 | $3,292 |
* 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.