This beloved Manasota Key beach-area waterfront cottage has been current owner's primary residence for over 20 years and is now offered at a reasonable price for the new owners to reconstruct and make their own! Barrier island location and lovely water views make this jewel a perfect short-term rental investment OR private vacation get-away for family and friends! Located on canal with direct NO BRIDGE boating access to Lemon Bay and the Intracoastal Waterway AND LESS THAN 5+/- minute boat ride offshore to the Gulf of Mexico, anglers and boaters will appreciate the many water amenities offered here! 75x100 ft lot offers concrete seawall and 75 feet of deep "sailboat" water frontage and 16, 000 lb lift! In addition to lovely water views from home and backyard, property also offers fish cleaning station and davit! For those who prefer "Beaching it", just take the short walk with your coolers and chairs and enjoy sunbathing and beach fun on nearby Englewood beach. . . only a short stroll from the front door! Originally designed with 2 bedrooms and 1 bath, current owners added half bath to interior laundry room and ceramic tile flooring throughout the home. After recent storms the owners removed all appliances, lower cabinetry and cut-out lower drywall to dry-out the home. Canalside windows and some block stemwalls need to be replaced. Home is ready for new owner to add appliances and finishing touches of their choice with proper County approval for repairs needing permitting. SW Florida and particularly Manasota Key are world-renown for some of the best shelling, fossil hunting and fishing in the world! Situated between Sarasota/Siesta Key to the north and Boca Grande to the south, Manasota Key is in a gem of a location, offering several beach and bayside parks plus Gulf and Lemon Bay access via a number of county-maintained roads running east and west off Gulf Blvd to the water! Great for launching kayaks and SUPS. . . which can also be done from the property! Locals enjoy world-class fishing, waterfront dining and dancing at several nearby fine restaurants located across from Englewood Beach Park. Seasonal Grand Prix off-shore boat races are a spectacular annual event every November (cancelled in 2024) Residents and guests find boat/jet ski/kayak/bike/golf cart rentals conveniently on-Island! Golf communities, medicals facilities and interstate arteries in close proximity. Drone aerials, first exterior front pic and interior photos with displaying furnishings were taken before recent hurricanes. All measurements approximate. Come explore the mesmerizing beauty, serenity, sunny skies and seasonal crystal clear waters of Southwest Florida! BREATHTAKING SUNRISES and SUNSETS are just a “FLASH” AWAY! *PARADISE IS WAITING FOR YOU!*
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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 | $599,920 | $599,920 | $599,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.508% | 7.171% | 6.392% |
Monthly Tax Payment | $415 | $415 | $415 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,093 | $3,987 | $5,103 |
Total Monthly Payment | $4,600 | $4,494 | $5,610 |
* 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.