Under contract-accepting backup offers. This elevated, beachfront, turn-key, 2-bedroom, 2-bathroom condo is the perfect second home AND ideal investment. It’s a UNIQUE opportunity as it is a LEGAL, beachfront, short term rental property. This corner unit condo is located in the 23 unit complex, Hamilton House, on the quiet, sugary white sands of Indian Rocks Beach (IRB).
The layout of the condo is unique as it allows you to be with family and friends and yet still have a sense of privacy if you need space. Your balcony overlooks the pool and gives you a front row seat to the Gulf Coast’s stunning beach sunsets. The primary bedroom has an ensuite bathroom and access to the balcony. You can wake up and look out onto your own slice of paradise. There is a full kitchen and dining area, washer & dryer, 2nd bedroom and bathroom. The condo features hurricane windows and doors!
IRB is a friendly beach town with wonderful restaurants, a library, and an art center. Many updates have been completed on Hamilton House property and there are no current assessments due. The Hamilton House features a heated, beachfront pool, outdoor grill, and take a few steps to be on the beach. The ROOF was replaced 3 years ago, POOL resurfaced 2020 and ELEVATOR was redone in 2023. Complex was painted in 2022. The financial health of the Hamilton House is particularly noteworthy given the new Florida condo laws that were passed in 2022. They have already completed their Milestone Inspection Report and their Structural Integrity Reserve Study. This is a very desirable location, an incredible view, sound financials, and you have the opportunity to produce a great deal of extra income if you choose. Be sure to book your appointment today!
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William Raveis Real Estate
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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 | $719,200 | $719,200 | $719,200 |
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 | $1,041 | $1,041 | $1,041 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,605 | $4,487 | $6,216 |
Total Monthly Payment | $5,738 | $5,620 | $7,349 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.