WATERFRONT ELEVATED COASTAL DREAM WITH OVERSIZED POOL – A BEACH PARADISE WITH GENERATIONAL LIVING POTENTIAL!
This incredible 3-story elevated home, located just four blocks from the pristine white sands of Madeira Beach, combines luxurious coastal living with practicality and ample space. With a permitted new addition nearing completion, this property will soon boast 3, 564 total square feet of versatile living space. Perfect for multi-generational families, the expansion includes an additional master bedroom, en suite bathroom, private balcony, extra storage, additional living area, and a new laundry room. Built in 1983, this unique home already features two large primary suites with private en suite bathrooms, walk-in closets, and private balconies offering breathtaking views. A spacious kitchen adds to the home’s charm - all updated and filled with natural light. The living room is a cozy retreat with sliding glass doors with a magnificent view of the bay. On the bottom floor there is a bonus room Which could be used for multiple uses: office, den, additional guest room. The existing garage is 570 ft and the addition provides additional covered parking and enclosed storage. Situated on an oversized 13, 190-square-foot lot, the home is surrounded by tropical landscaping, offering privacy. The large pool, complete with paver decking and elevated seating areas, is the ultimate space for relaxation or entertaining. The composite dock and jet ski lift was completed in 2023. Also, it can house a Pontoon boat easily. Nestled along a protected harbor, this property provides direct water access for boating enthusiasts. From your private dock, you can enjoy kayaking, paddleboarding, jet skiing, fishing, or a quick boat ride to the Gulf through Johns Pass Inlet. Enjoy daily views of dolphins, occasional manatees, and awe-inspiring sunsets from the comfort of your outdoor oasis. Located just 1 mile from the famous Johns Pass Village, you'll have easy access to vibrant shopping and dining. This home truly embodies the ultimate beach lifestyle. Schedule your showing today and make your coastal living dreams a reality!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,695,000
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 | $2,156,000 | $2,156,000 | $2,156,000 |
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 | $950 | $950 | $950 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,984 | $13,627 | $18,781 |
Total Monthly Payment | $15,059 | $14,702 | $19,856 |
* 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.