165 175th Terrace DRIVE E, Redington Shores, FL, 33708 | $950,000

WOW!! RARE Zoned High density and multifamily WATERFRONT property steps from the white sands of Redington Shores Beaches. The existing duplex has water damage from Helene so tear down and build up -a 2 or 3 unit perfect for investors to build and sell all, or residential with the ability to live in one and rent out/sell the other side. 3 or more units may need a variance with the Town of Redington Shores, Buyer to verify. Like to fish? There are gorgeous water views right from the dock where you might even see a Manatee or Dolphin! This property is centrally located within 15 minutes of Clearwater or St Pete Beach while maintaining a Residential feel and atmosphere. Pinellas and The Greater Tampa Bay Area has an international Port, an international Airport, fine dining and shopping, award winning sports (The Lightning, Rays and Bucs!!) top 10 Beaches and the list goes on and on.

Features

  • Lot Size: 60 x 84
  • Lot Desc: Buildable, Near Marina, Sidewalk
  • View: Water
  • Elem. School: Bauder Elementary-PN
  • Middle School: Seminole Middle-PN
  • High School: Seminole High-PN
  • MLS#: TB8326215
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/TB8326215/165175thterracedrivee_redingtonshores_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 2:35:11 PM)
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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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165 175th Terrace DRIVE E, Redington Shores, FL, 33708

$950,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $760,000 $760,000 $760,000
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 N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,866 $4,866 $6,620
Total Monthly Payment $4,958 $4,958 $6,712

* 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.