Welcome to Moontide Isle! This THREE PARCEL property is available as a fixer-upper or a teardown after incurring flood water from Hurricane Milton. This is one of the most unique properties in Downtown New Port Richey and could be the perfect spot to repair the existing homes or remove them to build your own stilt homes or family compound on the best spot on the Pithlachascotee River!
Construction of this beautiful and unique property began in 1946 and was completed in 1949. The residence was built and named by a cartographer couple who traveled the world and incorporated beautiful accents from their travels in their new downtown New Port Richey home. The majority of the home is still original to this day, a testament to the timeless beauty of their design, and the quality and detail of their construction. The property is being sold as a three parcel property which includes the freestanding garage and guest cottage with pool and covered boat house with a BRAND NEW BOAT LIFT, and they all have a brand new roof!
The guest cottage is two bedroom, one bath, and 974 ft. ². It features a large swimming pool, a covered boatlift on the deep water Pithlachascotee River with direct access to the Gulf of Mexico, a laundry room, and covered shady areas around the pool. The main home is situated on an island surrounded by a seawall moat which is accessed by a foot bridge. As the tide ebbs and flows, the moat fills and empties. As you approach the home you’re struck by its simplicity and uniqueness. Upon entering through the front door, you’re welcomed by a small foyer area with the kitchen to the right and large open living space full of light and scenic beauty from the river. The home features tile floors, cove lighting in the living room, the original rounded doorways, 9’ ceilings, and three functional fireplaces. Each room has its own special feel and no space is wasted. It was designed to be as useful as it is captivating. It has its original, spacious patio which overlooks the river and also features its original copper gutters. Access to the property is gained via private road and an automatic gate so it offers unparalleled privacy and seclusion. The city of New Port Richey is a growing, eclectic city with a small town feel. Take advantage of the picturesque trails that follow the river and watch scenic sunsets and concerts from lively Sims Park. Everything downtown New Port Richey has to offer is within walking distance and the Gulf coast’s amazing beaches are just a short drive away. NPR is also golf cart friendly and has many shops, breweries, a budding art community, and lots of options for exciting nightlife. Boredom is not an option! There are some income opportunities for this property as well. The separate parcel with the garage could potentially be built upon or sold off separately to build another home in that picturesque setting. Please contact the agent directly for your own private showing. The map to happiness leads to Moontide Isle!
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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 | $719,999 | $719,999 | $719,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.375% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.498% | 6.579% |
Monthly Tax Payment | $531 | $531 | $531 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,610 | $4,492 | $6,223 |
Total Monthly Payment | $5,233 | $5,115 | $6,846 |
* 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.