This stunning Multi-Unit property combines coastal charm with modern luxury, making it a perfect beach residence and a highly attractive asset for savvy investors. This updated block home boasts a metal roof, hurricane-impact windows, and high-end appliances, ensuring both safety and style. Live on either side of the upstairs units, each side is 1, 340 square feet and features two bedrooms, two baths, and a spacious kitchen open to the living and dining areas. A bonus downstairs unit could be used as a mother-in-law suite or rental apartment. Downstairs includes two bedrooms, one bath, a living room, a partial kitchen, and access to a full patio. All units come equipped with a full-size washer and dryer. Perfect for a range of uses, including vacation rentals, a luxurious primary residence, or a high-demand long-term rental, maximizing rental potential and return on investment. With the booming vacation rental market in Indian Rocks Beach, this property offers substantial income potential. Ideally suited for platforms like Airbnb and VRBO, it attracts visitors seeking an upscale coastal experience. This meticulously maintained property requires no immediate renovations, allowing you to start generating income from day one. Located just across the street from the beautiful Indian Rocks Beach, offering easy access to the pristine sands and sparkling waters of the Gulf of Mexico. Close to popular dining, shopping, and entertainment options. Enjoy outdoor activities such as boating, fishing, and biking. The vibrant local culture and numerous festivals enhance the area’s appeal year-round. Don’t miss the chance to own a piece of paradise in one of Florida’s most desirable beach communities. This property is more than just a home – it’s a lucrative investment in a lifestyle of luxury, relaxation, and financial growth.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,950,000
William Raveis Real Estate
Phone: 888.699.8876
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 | $1,560,000 | $1,560,000 | $1,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.750% | 6.664% |
Monthly Tax Payment | $1,059 | $1,059 | $1,059 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,989 | $9,989 | $13,589 |
Total Monthly Payment | $11,173 | $11,173 | $14,773 |
* 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.