727 Coral Reef DRIVE, #727, Tampa, FL, 33602 | $459,000

Under contract-accepting backup offers. Welcome home to resort-style living nestled in the epicenter of a pedestrian-friendly community in downtown Tampa! Rarely available corner townhome located in the desirable and gated community of Island Place on highly sought after Harbour Island. Move-in ready, spacious, multi-level 1 bedroom/1 bath/1cg residence has flexible spaces for you to adapt to the way you live. This spacious property boasts hardwood floors throughout the main living areas, ceramic tile in wet areas, and a bright and open floor plan with high ceilings. The kitchen has stainless steel kitchen appliances with wood cabinets and the large primary bedroom has a newly updated dual entry bathroom. Two generous closets in the bedroom feature custom shelving systems. Conveniently located across from the community pool, yet far enough for peaceful enjoyment of the spacious and private covered balcony. The A/C was replaced in 2020. The manicured waterfront community of Island Place offers all the amenities you need to make the most of the Florida lifestyle including a beautiful pool and sun deck, canoe and paddle board launch area, a well-equipped fitness center, tennis courts with fabulous downtown waterfront views, playground, car wash area, peaceful lake and riverside seating, outdoor charcoal grills, the safety of a 24-hour guard gated entrance, and on-site property management. You can’t beat this convenient location with quick and easy access to all interstates and toll roads in Tampa and only about three miles from Tampa International Airport. Immerse yourself in all that Downtown Tampa has to offer right outside your door! You can walk or bike to events at the Convention Center, the Sail Pavilion, Harbour Island, Amalie Arena, Sparkman Wharf, the Channel District, the Tampa Riverwalk, Tampa Aquarium, Water Street, Armature Works, Ybor City, and countless restaurants, coffee shops, craft breweries, sports bars, and local entertainment venues. You will never run out of things to do!

Features

  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 2
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Laundry Room
  • Complex: ISLAND PLACE A CONDO
  • Year Built: 1993
  • Approx Sq. Feet: 1,084
  • Est. Taxes: $6,834
  • Condo Fee: $680 Monthly
  • View: Pool
  • Elem. School: Gorrie-HB
  • Middle School: Wilson-HB
  • High School: Plant-HB
  • Pet Policy: Breed Restrictions, Dogs OK
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: T3552769
  • Days on Market: 7 days
  • Website: https://www.raveis.com
    /prop/T3552769/727coralreefdrive_tampa_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 9/19/2024 5:36:16 AM)
Listing courtesy of CENTURY 21 EXECUTIVE TEAM   Phone: 813-961-8637

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

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Our Insurance Division:

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727 Coral Reef DRIVE, #727, Tampa, FL, 33602

$459,000

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 $367,200 $367,200 $367,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 5.990% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.470% 6.161% 5.248%
Monthly Tax Payment $570 $570 $570
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,231 $2,199 $2,902
Total Monthly Payment $2,876 $2,844 $3,547

* 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.