525 Johns Pass AVENUE, Madeira Beach, FL, 33708 | $1,375,000

$275, 000 price drop! Seller’s loss is your gain even though this house suffered a mere fraction of that amount in damage with Hurricane Helene compared to other homes! This house is habitable now and with a few dollars and a few days it can be repaired and offered into the local rental market for anyone who needs to stay locally while their home undergoes repairs, or as a remodel for yourself. Either way it is a fantastic investment. While the house had never come close to flooding in over 60 years, it did sustain very low-level flooding from Hurricane Helene. The damage was minimal and all within the realm of that which would be replaced during a remodel. Despite being described as a tri-level home, this house has four levels and only had water on the ground floor over minimal square footage consisting of a lower living room, pool bath, foyer, garage, and a crawl space. More importantly, the lower level is all concrete block with plaster walls and terrazzo or tile floors (no drywall). The other 3 levels…dining room, kitchen/family room, 3 bedrooms, and two bathrooms were all untouched. Thus, the house can be occupied during any remodel/repairs. Although the owners could make repairs, they are choosing to be transparent and show the house “as is” in order to allow a buyer to see what happened and what’s needed, rather than covering it up. Also, Hurricane Milton was no match for this house with a full set of hurricane shutters on every opening, and he did no damage. So, don't miss your chance to transform this waterfront property into your very own slice of paradise or an income producing investment! This property offers a spacious 70x120 ft lot on Crystal Island in Madeira Beach with breathtaking views of Boca Ciega Bay (no looking across a canal at your neighbor’s backyard here!) This house has a charming mid-century feel with 3 bedrooms & 3 bathrooms in a multi-level layout, including that rare lower-level room with views of the pool, yard, and waterfront! The possibilities are endless for the lower floor to serve as a cozy family room with its fireplace, a second master suite, or a game room, with sliding glass doors leading to the poolside patio. The kitchen is spacious with a large attached area for dining-in or use as a family room. There’s also another dining room, too! The kitchen features wraparound, floor-to-ceiling windows and a large deck to take in the amazing water views. The 70' of waterfront provides a large backyard but still gives you that privacy feeling despite being on the gorgeous open water with unobstructed views of the bay, the Intracoastal Waterway, mangrove islands and gorgeous sunrises & moonrises. For boating enthusiasts, the home is a few-minute boat ride to the Gulf of Mexico and close to everything the beaches have to offer. Or, stay home and relax in the gorgeous salt-water pool that features a hot tub and waterfall, as well as being built to be low-maintenance with an in-floor cleaning system. Your boat also will be conveniently stationed on the 10k lb lift, with new pilings, in your backyard and ready for adventure at a moment’s notice. Overall, this home offers a firm foundation for transforming it into your waterfront dream or investment, with upgraded electric panel, new sewer main, newer seawall, new flat roof and a full complement of hurricane shutters for added protection. Whether you're into boating, fishing, or simply enjoying the surrounding natural beauty, this location has it all.

Features

  • Rooms: 3
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Inside, Laundry Closet
  • Year Built: 1963
  • Garage: 2-car Driveway
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,411
  • Acreage: 0.19
  • Est. Taxes: $7,354
  • Lot Desc: FloodZone
  • View: Water
  • Elem. School: Orange Grove Elementary-PN
  • Middle School: Seminole Middle-PN
  • High School: Seminole High-PN
  • Pool: Heated, In Ground, Lighting, Pool Sweep
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • MLS#: U8252611
  • Days on Market: 104 days
  • Website: https://www.raveis.com
    /eprop/U8252611/525johnspassavenue_madeirabeach_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 12/4/2024 2:57:15 AM)
Listing courtesy of ENGEL & VOLKERS MADEIRA BEACH   Phone: 727-394-7365

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

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:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

525 Johns Pass AVENUE, Madeira Beach, FL, 33708

$1,375,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,100,000 $1,100,000 $1,100,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.500% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.209% 6.636% 6.684%
Monthly Tax Payment $613 $613 $613
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,043 $6,953 $9,582
Total Monthly Payment $7,781 $7,691 $10,320

* 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.