14971 1st STREET E, Madeira Beach, FL, 33708 | $675,000

Amazing waterfront location WITH a pool, dock and boat lift. Although the home was flooded, this property will make an amazing location for your beach paradise. The existing lot features a spacious inground pool, composite dock and 10k lb boat lift, all in good condition. The additional features remain in good shape and add significant value. The current structure is a duplex, with a 1. 5 car garage, offering over 2, 000 sq ft under roof, which may provide a good foundation for a large elevated structure. The multi-family zoning may give an investor an opportunity for cash flow. The location is AMAZING! Walk to approximately a dozen restaurants and/or bars, and just across the street to the beach. It's also very close to the Madeira Beach Fundamental School! The dock area also has space for a 40'+ vessel in the water in addition to the boat lift, on a protected harbor. The seller is offering this property for land value and will be sold in strictly as-is condition.

Features

  • Lot Size: 50 x 100
  • View: Water
  • Elem. School: Orange Grove Elementary-PN
  • Middle School: Seminole Middle-PN
  • High School: Seminole High-PN
  • MLS#: TB8324943
  • Days on Market: 7 days
  • Website: https://www.raveis.com
    /prop/TB8324943/149711ststreete_madeirabeach_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/4/2024 2:17:07 PM)
Listing courtesy of ENGEL & VOLKERS MADEIRA BEACH   Phone: 727-394-7365

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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14971 1st STREET E, Madeira Beach, FL, 33708

$675,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $540,000 $540,000 $540,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.875% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.352% 7.042% 6.160%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,547 $3,547 $4,520
Total Monthly Payment $3,639 $3,639 $4,612

* 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.