One or more photo(s) has been virtually staged. This is your chance to own a piece of prime waterfront property with STUNNING WIDE OPEN VIEWS OF BOCA CIEGA BAY & INTRACOASTAL WATERWAY in the highly sought-after Isle of Palms, offered at an unbeatable value. 2 bedrooms, (Wall could very easily be installed between primary and this would create a 3rd bedroom 14x12, (Bedroom 2 has a half bath)2. 5 bathrooms, cove ceilings, Terrazzo floors. Seller has spared no expense on updates like, 105' sea wall 2023, HVAC 2023, redesigned architectural design and metal roof, some PGT windows, doors and sliders 2024, (Not all have been installed, open permit) Silver Travertine paved driveway 2023, salt water pool 2023, the entire roof design was redesigned 2016, and so much more! Because the property experienced water intrusion from storm water during Hurricane Helene, this property is being sold "as-is, " and the seller makes no warranties regarding the home's potential for rehabilitation. Priced below lot value, this is a unique investment for those looking to secure a fabulous waterfront location. Whether you're ready to build new or explore the possibility of renovating, this property offers endless potential to create your dream home in a coveted coastal setting. Step out to the covered patio and take in serene, unforgettable open water views that stretch across Boca Ciega Bay and the Intracoastal Waterway. Enjoy dazzling days, sparkling nights and the extraordinary marine life found in these remarkable waters of Isle of Palms.
Isle of Palms is situated close to John’s Pass Shopping and Restaurant Center, which is a popular destination for locals and tourists alike. The home is about 15 minutes to the World-Famous Downtown St. Petersburg and I-275, North to Tampa and Tampa International Airport or South to Sarasota and Naples. Don’t miss out, Schedule your appointment.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,299,000
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 | $1,039,200 | $1,039,200 | $1,039,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.851% | 6.704% |
Monthly Tax Payment | $727 | $727 | $727 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,654 | $6,740 | $9,053 |
Total Monthly Payment | $7,506 | $7,592 | $9,905 |
* 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.