**No flooding during recent storm!** Just steps away from the picturesque Bayshore Boulevard awaits a property primed for its next chapter as a distinguished luxury home. This coveted address not only offers proximity to the historic charm of Bayshore but also embodies the essence of upscale living in one of Tampa's most desired neighborhoods, Bayshore Beautiful. As you approach the property, you're greeted by mature manicured landscaping and an aura of sophistication that sets the tone for what lies beyond. The potential for this property is only limited by one’s imagination. The current home is a 2, 836 sq. ft. , 5 BR/3. 5 BA, two -story traditional that can be renovated and updated to encompass its historic charm and provide modern convenience. (Please note the owners will not give any value to the home. ) If new construction is what you seek, this 14, 766 sq. ft. lot has plenty of space to create a new luxury home amidst the Bayshore backdrop and with a third story, there could be fantastic views of the Bay and Bayshore. There is even potential to split the lots and build two new luxury homes. (Current zoning is RS-150 and there is potential to change to RS-60 like other homes on Bayshore Court and have two lots. Current lot frontage is approximately 131’ but sale of the property would not be subject to attaining two lots. Buyer to determine feasibility. ) With its prime location, this South Tampa property presents an opportunity to embrace the epitome of luxury living amidst it’s Bayshore Beautiful neighborhood. 24 Hour notice required for all showing requests.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,150,000
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 | $1,720,000 | $1,720,000 | $1,720,000 |
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 | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $819 | $819 | $819 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,156 | $11,013 | $15,101 |
Total Monthly Payment | $12,100 | $11,957 | $16,045 |
* 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.