Under contract-accepting backup offers. Located in the highly desirable Paradise Island, this charming pool home offers an unbeatable location just minutes from the famous Johns Pass Boardwalk and the award-winning beaches of the Gulf of Mexico. Surrounded by lush, tropical landscaping, this 3-bedroom, 2-bathroom block home with a 2-car garage is a true waterfront gem.
Set on a wide, deep-water canal with 75 feet of water frontage, the property includes a 10k lbs boat lift and a wet slip, offering plenty of space for a large vessel. The expansive dock provides direct access to the Gulf of Mexico—perfect for boating enthusiasts. The private pool and beautifully landscaped backyard create an ideal space for relaxing and entertaining.
Key updates include:
New AC (2023),
New Roof (2021),
Impact-resistant windows (2017),
Storm panels (2012),
Water softener system,
1, 800 sq ft of living space and the home sits on a 75 ft x 130 ft lot. While the property sustained damage from Hurricane Helene, professional remediation has been completed.
This home is being sold AS IS, cash only, with no warranties. Don't miss this rare opportunity to renovate or rebuild your dream home in this coveted Paradise Island location!
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Our Executive Mortgage Banker:
Our Insurance Division:
$965,000
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 | $772,000 | $772,000 | $772,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.235% | 6.723% | 6.826% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,007 | $4,943 | $6,778 |
Total Monthly Payment | $5,099 | $5,035 | $6,870 |
* 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.