Escape to island living or invest in a hassle-free vacation rental with nearly no restrictions. This charming one-bedroom, one-bath condo on tranquil Tierra Verde is ready to be your personal oasis or income-generating property. This fully furnished condo offers a spacious covered patio with sweeping vistas of the gardens. This property is ideal for a primary residence, vacation retreat, or investment property. With no restrictions on rental minimums or frequency, it provides an exceptional opportunity for investors. Rent it out while you're away to offset costs, or simply enjoy it as your personal getaway. Owners can have one pet under 20 pounds, adding to the appeal for pet lovers. The well-maintained complex offers lush landscaping and ample green spaces, creating a peaceful atmosphere. Enjoy a variety of amenities, including a spacious observation dock with gas grills and seating for sunset views, a resort-style heated pool and hot tub, tennis and pickleball courts, and a car wash station. Kayaks are easily stored near the shoreline, and bicycles can be safely kept under the Club House. Inside, the Club House features a billiards table, a small gym, and a community laundry room. Owners also have access to on-site marina dock rentals (waitlist may apply). Located within walking distance to local dining and just a short bike ride to Fort DeSoto Park and its award-winning beaches, this property offers the best of island living. A quick drive will take you to St. Pete Beach, downtown St. Petersburg, and all the attractions of the Tampa Bay area, including easy access to airports. Whether you're looking for a serene retreat or a low-maintenance rental property, this condo is ready for immediate enjoyment or investment. Make it yours today!
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Our Executive Mortgage Banker:
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $271,920 | $271,920 | $271,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.295% | 7.408% | 6.623% |
Monthly Tax Payment | $466 | $466 | $466 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,832 | $1,855 | $2,350 |
Total Monthly Payment | $2,373 | $2,396 | $2,891 |
* 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.