This Madeira Beach waterfront property offers stunning Intracoastal views and endless possibilities. Located off of Gulf Blvd minutes from the Gulf, enjoy pristine beaches, parks, and John's Pass Village's dining, shopping, and world-class fishing. The home is located on a quiet cul de sac and features stunning southern views from both levels, spacious rooms all of which overlook the inground quartz pool. With such an expansive deck there is ample room to entertain and even sit by the firepit on a cool evening. The large deeded dock is in deep water on a tranquil cove perfect for your sailboat! Take an evening cruise on your pontoon boat after dinner. Priced to sell, this is your chance to own and create your dream home on the water.
Please Note: This home did sustain water damage from recent hurricanes but the seller has secured almost 200k in allowances per the 50/50 FEMA letter perfect for creating your own home away from home. The roof was installed new in 2023 and sustained no damage in the recent hurricanes.
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$1,200,000
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 | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $260 | $260 | $260 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,227 | $6,147 | $8,429 |
Total Monthly Payment | $6,612 | $6,532 | $8,814 |
* 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.