Nestled along 70 feet of spectacular intracoastal waterfront on the beautiful Isle of Capri in Treasure Island, this three-bedroom, two-bathroom home offers unparalleled potential despite the recent flooding damage caused by back-to-back hurricanes, Helene and Milton. Once a cherished coastal retreat, the property is now a blank canvas for a new owner to reimagine and rebuild. This home features stunning water views from all living spaces, an open concept layout, a split floor plan, a new roof (April 2024), and immediate access to the intracoastal allowing for enjoyment of boating, fishing, and relaxing views that only waterfront living can give. While it needs restoration to bring it back to the beautiful coastal lifestyle it once offered, it’s located only 1 mile from Treasure Island beach and is a quick and easy drive to the city life that downtown St. Petersburg has to offer. The combination of waterfront living, and the proximity to boating, the beach, and city life, makes this an ideal opportunity to design and create a true tropical oasis. Please note that this home is being sold as-is with no repairs and has NOT been remediated after sustaining 3+ feet of water during the recent hurricanes. Schedule your private showing today.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $704,000 | $704,000 | $704,000 |
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 | 7.532% | 6.723% | 6.806% |
Monthly Tax Payment | $477 | $477 | $477 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,566 | $4,508 | $6,181 |
Total Monthly Payment | $5,135 | $5,077 | $6,750 |
* 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.