602 Flamingo DRIVE, Madeira Beach, FL, 33708 | $929,000

Welcome to a rare opportunity to own a piece of paradise in one of Madeira Beach's most coveted neighborhoods. This waterfront gem boasts breathtaking million-dollar sunsets and expansive open water views, setting the stage for serene living and unforgettable gatherings. While this property did experience some storm damage from the recent hurricane, its prime location holds limitless possibilities. Whether you choose to build your dream home from the ground up or remodel the existing structure, the potential here is extraordinary. Significant upgrades have already been completed for your convenience and enjoyment. In 2021, a stunning custom pool was constructed, perfect for leisurely afternoons under the sun. Additionally, a brand new seawall, dock with trex-decking (2021), and boat lift were also installed in 2021, providing immediate access to all your water activities. The home features hurricane impact windows installed in 2018 and an upgraded HVAC system from 2021, ensuring comfort and safety for years to come. Don't miss your chance to turn this waterfront property into the oasis you've always dreamed of. Seize this opportunity to create the waterfront living experience you've always dreamed of. Whether you choose to refurbish the existing home or start from scratch, this property promises a lifestyle filled with sun, sand, and spectacular sunsets. Don’t miss out on this unique chance to invest in a prime location! Embrace the lifestyle you deserve and schedule your private tour today!

Features

  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Lot Size: 70 x 120
  • Laundry: Inside, Laundry Room
  • Style: Traditional
  • Year Built: 1965
  • Garage: 2-car Circular Driveway, Driveway, Garage Door Opener, Oversized
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,116
  • Acreage: 0.19
  • Lot Size: 70 x 120
  • Est. Taxes: $14,623
  • Lot Desc: Flood Insurance Required, FloodZone
  • View: Water
  • Elem. School: Bauder Elementary-PN
  • Middle School: Seminole Middle-PN
  • High School: Seminole High-PN
  • Pool: In Ground, Lighting
  • Appliances: Other
  • MLS#: TB8329001
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/TB8329001/602flamingodrive_madeirabeach_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/13/2024 1:46:22 AM)
Listing courtesy of REALTY EXPERTS   Phone: 727-888-1000

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

602 Flamingo DRIVE, Madeira Beach, FL, 33708

$929,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $743,200 $743,200 $743,200
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% 6.510% 6.599%
Monthly Tax Payment $1,219 $1,219 $1,219
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,759 $4,637 $6,423
Total Monthly Payment $6,070 $5,948 $7,734

* 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.