New look, new price! This 5 Bedroom Anna Maria Island home just completed a COASTAL REFRESH.
Come home to your Happy place at 508 Spring Avenue, nestled on stunning Anna Maria Island. Located within one of the most prestigious areas on the island, it is just steps away from Pine Avenue, with its adorable shops, wonderful restaurants, and the famous Anna Maria Pier. A short bike ride will get you to Bean Point. This house represents one of the best values on the island. A rental giant, grossing well over $200k in rental income, including time left for owner usage. 2024 has $166K booked (reflecting over 50 nights of owner use) and $51K already booked for 2025! One of the few properties in Anna Maria, which is Bert Harris approved, allowing up to 14 guests. The home's recent renovations give it the quintessential coastal life vibe. Set up with two separate gathering areas for family and friends, there are living rooms and private balconies on both the main floor and the upper floor. New furniture has been added to both living rooms. New flooring throughout along with new kitchen countertops! The backyard has a beautiful family pool, surrounded by coconut trees, that includes a shallow area for small children to walk in and play in as well as a built-in bar/table area for the adults. Adjacent to the pool is a recreation space with a flat panel tv, and foosball and ping pong tables. This 5 bedroom, 4 bath home is turnkey rental furnished and ready for your enjoyment! Don't miss out on this newly renovated beach house!
The primary bedroom is a coastal paradise with a fantastic ensuite bathroom with a double vanity, a walk-in shower, and a soaking tub, and this room has access to the second-floor balcony. On each living floor is a King bedroom and a Bunk bedroom. The first-floor King bedroom has an ensuite bathroom with a walk-in shower, and on each floor is a hall bathroom with a shower and tub combination. Additionally, there is a Queen sleeper sofa and a Twin sleeper sofa.
Room Details
-Primary Bedroom, 2nd floor: King bed, balcony access, and ensuite bathroom with soaking tub and walk-in shower
-Second Bedroom, 1st floor: King bed and ensuite bathroom with walk-in shower
-Third Bedroom, 2nd floor: King Bed
-Fourth Bedroom, 2nd floor: Twin Bunk bed and Twin bed
-Fifth Bedroom, 1st floor: Twin Bunk bed and Twin bed
-Living Area: One Queen and One Twin Sleeper Sofa
The backyard is beautifully landscaped with coconut palms and native species. The heated lagoon pool has a built-in dining table, and there are plenty of Adirondack chairs and a BBQ grill on the pool deck. Adjacent to the pool area is a recreation room with a Flat Panel LED TV, Foosball Table, Ping Pong Table, and a comfortable large sitting area. This home is equipped with wireless Internet, a XBOX gaming system, and assorted beach items.
Highlights
• Private Pool
• 10-minute walk to the beach
• Ping Pong Table and Foosball table
• Short walk to AMI City Pier, Pine Ave, and Bayfront Park
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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 | $2,300,000 | $2,300,000 | $2,300,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $2,249 | $2,249 | $2,249 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,918 | $14,727 | $20,194 |
Total Monthly Payment | $17,292 | $17,101 | $22,568 |
* 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.