This waterfront property in Redington Beach, FL, offers an extraordinary opportunity to own a home in one of the most coveted locations along Boca Ciega Bay. Nestled on a quiet cul-de-sac, the property provides unparalleled privacy, stunning water views, and the freedom of **no HOA or CDD fees**. The home features three bedrooms and two and a half baths, serving as a blank slate for its next chapter. Whether you’re planning to remodel or rebuild, this **prime location** offers endless potential. The property, which qualifies under the 50% FEMA rule. This property has already been cleared of all storm-damaged materials, allowing for a seamless transition to the next phase. The kitchen features granite countertops, solid hardwood cabinets, and new appliances. A new garage door is being installed, and the home includes a brand-new air handler, a fully functional washer and dryer, and a 200-amp electrical service wired for a whole-home generator and EV car charger. All windows and doors are hurricane-rated, except for the back slider doors. Boating enthusiasts will appreciate the professionally maintained dock with fully redone boat lifts, updated posts, and electrical work, providing direct access to the Intracoastal Waterway. The outdoor area is equally impressive, featuring a private pool with breathtaking water views and a screened patio ideal for relaxation or entertaining. This property includes the option to purchase a meticulously maintained **1997 Rinker 29-ft Cruiser** currently docked on-site. This boat features one new engine and a total rebuild on the other, along with new bellows, drives, and a fully rewired engine compartment. The interior has been completely rebuilt with marine-grade hardwood, eliminating carpet, and includes two bedrooms with full and queen-sized beds, a lounge with a table, a kitchen, a shower, and a bathroom. Upgraded electronics include a new GPS chart plotter, an enhanced stereo system with new speakers, and a newer VHF radio with dual antennas. The exterior is equipped with a full canvas enclosure, radar arch, outdoor shower, windlass system, and trim tabs. Ready for extended use, the boat includes shore power hookup, a fresh water sink, and a holding tank. Over $44, 000 has been invested in upgrades within the past two years, making this cruiser turnkey and perfect for your next adventure! Whether you’re an investor looking for your next project or a homeowner ready to create your dream coastal retreat, this property delivers unmatched potential in a spectacular location. Don’t miss this incredible opportunity to own a piece of paradise in Redington Beach!
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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 | $831,040 | $831,040 | $831,040 |
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% | 6.510% | 6.599% |
Monthly Tax Payment | $640 | $640 | $640 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,321 | $5,185 | $7,182 |
Total Monthly Payment | $6,086 | $5,950 | $7,947 |
* 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.