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!
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Our Executive Mortgage Banker:
Our Insurance Division:
$929,000
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 | $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.