PRICED AT LOT VALUE. For the first time in a century the historic landmark took on water on the first floor. Completely remediated still retaining enormous value in the structure. Sellers have opted to sell AS IS. The following copy was written pre-storms and can still be a reality again: As the automated, custom iron entry gates swing wide, you're entering a world gone by, one that's been preserved and improved with a Multi-Million dollar down-to-the-studs renovation. Exceptionally rare opportunity: Roaring 20's mint condition waterfront with 248' on deep water. And, which to like more. . . . The mansion, the grounds, or the deep water: YES. "VILLA PALMAS HERMOSAS" (House of beautiful palms) is one of Beach Park's original estates, captured in historic photographs of the early days of the last century. A carved stone fireplace graces the gracious living room looking out to glorious sunsets over Tampa Bay, with French doors opening to the adjoining solarium. Both liv. rm. and solarium flow into the oversized family room (Once used as a ballroom) with custom made wet bar featuring barrel stave wall and leather-like granite. A trio of mahogany doors open to the pool. You pass through an elegant rear foyer to the quietly gracious and efficient kitchen, bristling with a galaxy of Thermador appliances. For family meals and large-scale entertaining there's a full, separate scullery/prep kitchen/laundry, and glass wrapped breakfast room. . . . Your favorite spot for waterfront sunsets. Completing the circle is the waterfront formal dining room scaled for generous sundowner dinners. Return to the front foyer and ascend the broad stairs to the private upstairs family room. The Master is a study in indulgence: Oversized, fitted dressing room, walk-in steel encased safe, large bedroom and pull-out-all-the stops marble bath. There are three more bedrooms and two baths. Take the towered spiral staircase back down to the main floor. Pass through cedar beamed, travertine loggia with outdoor kitchen, across to the garage/guest compound: three car garage, abundant storage, workshop, golf cart garage, and a half bath. There's a stairlift to the quietly elegant, yet cozy guest/in-law quarters. You could do a stay-cation up here: Gleaming heart pine floors, two lovely, oversized bedrooms, marble bath and a half, a kitchen with dining area, and intimate living room. The grounds cover more than 3/4's of a an acre on 2. 5 full lots, featuring a 20 x 40 saltwater pool and spa, embraced by ivory travertine deck, lush gardens, and spectacular play yard: Room for large galas, and a pickle ball court. Waterside, you can enjoy quiet reflection or cocktails looking across Bayou Culbreath to the open Bay. Pull up your 60' Sportfisherman, with lifts for two smaller boats, and the opportunity to build a second dock. Power, water, trex-deck, and fish prep station. An estate that cannot be duplicated: it's a 24/7 private paradise. DON'T MISS STUNNING MOVIE UNDER THE TOUR ICON; IT'S MUST SEE T. V. ! Agent is related to seller.
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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 | $5,760,000 | $5,760,000 | $5,760,000 |
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 | $2,860 | $2,860 | $2,860 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $36,407 | $36,882 | $50,176 |
Total Monthly Payment | $39,392 | $39,867 | $53,161 |
* 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.