OPPORTUNITY AWAITS WHILE BEACH CLEAN-UP AND REPAIRS ARE MADE TO THE POOL AND COMMON AREAS. SELLER OFFERING $25, 000 CONCESSIONS TO COVER THE 2025 SPECIAL ASSESSMENT!!! (Covers Repairs for Milestone, Hurricane damage and Reserves) Overall the Building itself had minimal damage and the 2nd floor was well above of the flood waters. Spectacular corner unit with Expansive Wrap-Around Balcony showcasing magnificent Gulf Water Views! Here is a rare opportunity to get a hold of a fully furnished, well maintained 1 bedroom, 1 bath condo that allows short term rentals conveniently located in the heart of Indian Shores! As you enter the unit you are greeted with light wood look tiled floors that run throughout the main living area. The Bedroom is located up front with a slider giving access to a private balcony. The bathroom has a tiled shower and vanity tiled backsplash. Walk into the main living area and you see what makes this corner unit special with addition windows giving you plenty of natural light and wrap around views down the beach!. The kitchen has white cabinets, tiled backsplash and stainless steel appliances. The peninsula offers quartz counter tops and counter height eat-in bar. The open floor plan allows great views from the kitchen overlooking the dining and living room with water views. Generous size living room can accommodate large furniture where you and your guest will unwind and take in the Beach front lifestyle. Step outside onto the large wrap around balcony to catch an amazing sunset! The balcony is 22’x7 on the West side and 22’x5 on the South side over looking the Gulf waters and Pool area below. The Building has a heated pool, BBQ grill and direct beach access. 1 covered parking space. *3-DAY MINIMUM RENTAL BUILDING for Short term rentals that will yield $8000-$9000 a month in high season! (Currently Feb is booked for $8038, March is booked for $8930. ) Condo is being sold fully furnished as-is. Don’t miss this incredible opportunity—schedule your showing today!
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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 | $448,000 | $448,000 | $448,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $759 | $759 | $759 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,018 | $2,978 | $3,778 |
Total Monthly Payment | $3,869 | $3,829 | $4,629 |
* 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.