Under contract-accepting backup offers. Nestled along 75 feet of prime West Facing waterfront, this three-bedroom, two-bathroom home offers unparalleled potential despite the recent damage caused by the back-to-back hurricanes, Helene and Milton. Once a cherished coastal retreat, the property is now a blank canvas for a new owner to reimagine and rebuild. With a brand new roof being installed shortly and a 12” raised seawall installed in 2022, you will have immediate access to the water that is perfect for boating, fishing, and enjoying the Florida lifestyle and all that it has to offer. The home has been remediated and in need of restoration, it stands as a testament to the beautiful lifestyle it once offered. Large windows that frame stunning water views, provide a glimpse of the potential for sweeping, panoramic vistas and picture perfect sunsets. There are newer windows and sliders throughout the home, an open floor plan, large dining area, and water views from all living spaces. The interior, was remediated with a 4. 2 foot flood cut, and is ready for a renovation, providing the opportunity to create a bespoke waterfront sanctuary from the ground up. Located just a stone's throw from the beaches, this home also boasts convenient access to major thoroughfares, allowing for a quick and easy drive to the vibrant downtown St. Petersburg scene, where dining, shopping, and entertainment await. The combination of waterfront living, and the proximity to both boating and city life makes this an ideal opportunity for those with vision and the desire to create something truly special. This property is being sold as is, offering a unique opportunity for the next homeowner to restore, renovate, or build new and make it their own. Whether you envision a luxury coastal escape or a cozy home for waterfront living, the possibilities are endless. Call me today for your private showing!
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William Raveis Real Estate
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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 | $1,000,000 | $1,000,000 | $1,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.250% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.360% | 6.956% |
Monthly Tax Payment | $523 | $523 | $523 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,486 | $6,157 | $8,849 |
Total Monthly Payment | $7,133 | $6,804 | $9,496 |
* 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.