This home is being sold AS IS after flooding from Hurricane Helene, but the potential is unmatched, offering an incredible opportunity for a quick sale at an attractive price. Take advantage of the location, just steps away from the beach, restaurants, and local attractions. Live your coastal dream on the exclusive Isle of Palms! Cash offers only. Escape to your own waterfront retreat in this charming beach bungalow, nestled off the beaten path! This spacious 2-bedroom, 2-bath home offers the perfect blend of coastal living. The open concept living, dining, and kitchen area creates a welcoming space, filled with natural light, and flows seamlessly to the expansive Florida room, which overlooks the pool and canal. Whether you’re entertaining or simply enjoying a quiet evening, the outdoor living spaces, including a private pool and dock, provide a true tropical oasis.
This home boasts an oversized one-car garage, a large circle driveway, and plenty of off-street parking for guests. Imagine fishing, swimming, and boating right from your backyard, with quick access to Boca Ciega Bay and the Gulf of Mexico. Enjoy all that the friendly community has to offer, from neighborhood events like monthly dinners, yard sales, and a festive Firetruck Christmas parade, to a waterfront park and playground within walking distance.
With no HOA or CDD restrictions, you can park your golf cart, boat, trailer, or RV with ease. The interior has already been stripped and cleaned in preparation for renovation. Buyers looking for land opportunity, we have already engaged a demolish company for pricing and preferred scheduling to start an elevated new build quickly.
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Our Executive Mortgage Banker:
Our Insurance Division:
$750,000
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 | $600,000 | $600,000 | $600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.490% | 5.490% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.490% | 6.654% | 5.752% |
Monthly Tax Payment | $327 | $327 | $327 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,792 | $3,788 | $4,899 |
Total Monthly Payment | $4,211 | $4,207 | $5,318 |
* 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.