NEW CONSTRUCTION 2023. OWN THE ENTIRE BUILDING!! Welcome to your dream beach house retreat! Discover the perfect combination of a second home plus vacation rental in this exceptional property that is being sold, turnkey! This is an incredible opportunity to own a brand new construction home that offers a total of 8 bedrooms, 4 full bathrooms, and 3, 121 square feet of living space, comprised of two identical units on the beach side of Gulf Blvd. This would be the perfect scenario for two families to own a beach house together but have separate and distinct units for privacy. Or, a savvy investor will recognize this turnkey property for the incredible opportunity it is. This beautiful new property is located in Indian Shores, one of the few Pinellas County beach communities with no rental restrictions, allowing you to maximize the property's income potential. Indian Shores is a peaceful community consisting mainly of residences and is a short distance from local restaurants and businesses. The property's versatile layout features a walk-up to the first unit on the second living level, with the second unit one floor above the third living level. Each unit has a gorgeous view of the beach and Gulf and features four huge and bright bedrooms and two bathrooms in 1562 square feet. The beach access is just a few doors down Gulf Blvd. at the 199th Ave. access. The primary bedrooms each lead to an expansive balcony where you can enjoy the stunning partial water view with your morning coffee or during the dazzling sunsets in the evenings. There are gorgeous finishes throughout the open-concept kitchen, dining and family room. The stylish kitchen is equipped with wood cabinets, gleaming quartz countertops, stainless steel appliances, and seating for four or more at the counter, in addition to a separate dining space. The units come equipped with natural gas, which powers the kitchen range, the dryer, and the tankless water heater. There is even a water softener in both units. The natural light in both units is stunning and the extra high ceilings give an amazing sense of spaciousness. There are no worries here as the property has been constructed to the latest code and safety requirements. There is a large ground-floor storage room for each unit and four under-building parking spaces - two for each unit. Separate utilities and meters for the units make the accounting a breeze.
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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 | $1,599,200 | $1,599,200 | $1,599,200 |
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 | $485 | $485 | $485 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,240 | $9,977 | $13,821 |
Total Monthly Payment | $10,850 | $10,587 | $14,431 |
* 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.