This property has received water damage from Hurricane. No contents. This 3-bedroom, 2-bathroom + Bonus Room, Home presents a unique opportunity for coastal living at an incredible value. Recently affected by Hurricane Milton, the property experienced flooding, offering a blank canvas for those looking to create their dream home by the beach. Great Opportunity: This property is priced to reflect its current condition, making it an excellent chance for savvy buyers to develop a coastal retreat or rental property. Imagine walking out your door and dipping your toes in the Gulf waters. Or put in a dock and go boating in the Gulf of Mexico. Enjoy the view of the Intercoastal waters from your patio. Whether you’re seeking a personal getaway or a smart investment, this home’s unbeatable location makes it a must-see. Don't miss out on this opportunity to own a waterfront home and start building your vision today. This home is being sold for land value only. Redington Beach is a highly desirable location. You can build an elevated home, a townhome, second home, or an investment property from scratch or use the salvageable items from the existing property. Only one block to the beautiful beaches of the Gulf of Mexico. This property is centrally located in Redington Shores and only a few miles from Madeira Beach and John's Pass with lots of shops, bars, and restaurants. Walk to the Beach from your home or join the optional Surfside Beach Club and have beach access one block away. Drive over nearby Park Blvd Bridge to the Mainland. Public Boat Ramp located before the entrance to the Park Blvd Bridge
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $987 | $987 | $987 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,360 | $4,248 | $5,390 |
Total Monthly Payment | $5,439 | $5,327 | $6,469 |
* 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.