$200, 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! 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.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,450,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,160,000 | $1,160,000 | $1,160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
Monthly Tax Payment | $613 | $613 | $613 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,332 | $7,428 | $10,105 |
Total Monthly Payment | $8,070 | $8,166 | $10,843 |
* 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.