A Coffee Pot Bayou Oasis with WATERFRONT VIEW SECOND TO NONE! This is the property you've been waiting for. Tucked off Monterey Blvd, just steps to the Vinoy Golf course, you'll find 323 Coffee Pot Drive nestled on a practically private street (almost no through traffic) with just four homes facing the incredible skyline of downtown St. Pete. A fantastic opportunity to renovate or build your dream home under the FEMA 49% rule featuring almost 100ft of mangrove protected waterfront paradise, abundant with wildlife and perfect for enjoying the peace and tranquility of bayou living. Fishing, kayaking, bird watching and manatee sightings are all a part of daily life, as well as taking in the incredible sunsets from your own private dock. Originally built in in 1953, this truly spectacular three bedroom, three and a half bath home has been lovingly owned by the same family for more than 30 years and renovated over time to include 2, 928 square feet of two-story living space with a massive FIRST FLOOR PRIMARY SUITE and OASIS designed saltwater pool. Over its years of ownership, the home has withstood numerous storms and only experienced water intrusion once, as a result of Hurricane Helene. Fully remediated by Servepro and ready to remake your own! Designed for entertaining, the first floor includes a stunning family room with vaulted ceilings, beautiful natural light, wood burning fireplace and French doors both front and back to maximize the feel of indoor/outdoor living. Formal dining room with water view, and a large, open kitchen with breakfast bar and den. Upstairs, you'll find two spacious guest bedrooms, each with their own private baths, gorgeous hardwood floors and THE MOST BREATHTAKING VIEWS of the bayou, plus a bonus converted attic space perfect for a home office or additional storage. The back yard is a lush and luxurious paradise with lagoon-like pool, travertine pavers, covered back porch and mature tropical landscaping that will make you feel like you are at you're at your own private resort. Located on the northwest edge of Snell Isle, one of the area's most coveted neighborhoods, with easy access to 4th street and two Publix grocery stores as well as an efficient commute to Tampa International Airport. Large, covered parking pad with alley access, giving the new owner plenty of space to add a detached garage with upstairs ADU and income producing potential. DO NOT MISS THIS OPPORTUNITY to own a true gem of St. Petersburg!
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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 | $1,980,000 | $1,980,000 | $1,980,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.296% | 6.622% | 6.680% |
Monthly Tax Payment | $597 | $597 | $597 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,842 | $12,515 | $17,248 |
Total Monthly Payment | $13,564 | $13,237 | $17,970 |
* 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.