One or more photo(s) has been virtually staged. Opportunity Knocks! This 2-story Gulf-view home is located just steps from the warm, turquoise waters of the Gulf of Mexico and provides an incredible opportunity for a lucky buyer. This home was moderately impacted by Hurricanes Helene and Milton with some storm surge into the first floor, but there is no apparent roof or structural damage. Affected drywall was removed right away, and the home was quickly cleaned and dried out. The first floor provides an opportunity to design a kitchen and bath that fits within your needs and budget. The original Florida pine ceilings and gorgeous terrazzo floors remain undamaged, and all perimeter first-floor interior walls are block & stucco so only interior partition walls need drywall repair. The first floor features a kitchen, living room, dining nook, bedroom, full bath, laundry room, and a former carport that was converted into a versatile acrylic-enclosed sunroom. The entire second floor was virtually untouched and the 22’ x14’ second floor porch provides stunning Gulf of Mexico views! This spacious en-suite area is a perfect getaway for relaxing, with plenty of room to establish a seating area for watching TV or reading a good book. The enormous walk-in closet has direct access to the en-suite bath. This closet area is so large, it was used for extra storage as well as a cozy hideaway/play area for visitors! There’s plenty of room to add a third bedroom upstairs if that is desired. A large 20’ x 14’ covered patio on the rear of the home makes a great place to grill and dine al fresco, and a large paver driveway provides ample off-street parking for guests. The location of this home is outstanding, just 150 feet to the beach and just a short walk, bike, or golf cart ride to all the local restaurants, shops, and marinas that Englewood Beach is loved for. This property would make a perfect personal seaside retreat, or take advantage of the short-term vacation rental ability and cash in on rental income year after year. This is the least expensive single-family home with a Gulf view on Manasota Key by a long shot, don’t miss out on this opportunity to own a piece of paradise!
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William Raveis Real Estate
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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 | $660,000 | $660,000 | $660,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $889 | $889 | $889 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,281 | $4,226 | $5,795 |
Total Monthly Payment | $5,262 | $5,207 | $6,776 |
* 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.