916 Bay Point DRIVE, Madeira Beach, FL, 33708 | $1,499,900

One or more photo(s) has been virtually staged. Location-Location-Location - Exceptional deep open water residential homesite nestled on a cul-de-sac on sought after Bay Point Drive. Properties seldom listed due to the deep open intercoastal waterway access and unobstructed panoramic views. Rare chance to own a piece of paradise in one of Florida’s most sought-after beach towns! True boaters paradise featuring a double composite boat dock with 2 lifts capable of accommodating a 16, 000 lb and a 8, 500 lb boat, along with davits, a convenient SUP/Kayak launch area and a fish cleaning station. This premier homesite offers direct waterfront access, great for boating enthusiasts with 88ft of water frontage and less than 1 mile to Gulf access at Johns Pass. This prime showcase building lot offers the rare opportunity to build a coastal retreat (including a pool) quickly with the land survey, geotechnical exploration soil report already completed, demolition permit approved and building plans available to future buyer! Current home structure received flooding during recent hurricane season and will be a dream homesite after a house elevation or rebuilding for FEMA compliance.

Features

  • Rooms: 3
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Lot Size: 69 x 99
  • Laundry: In Garage
  • Year Built: 1963
  • Garage: 2-car Driveway, Garage Door Opener
  • Heating: Other
  • Cooling: Other
  • Approx Sq. Feet: 1,593
  • Acreage: 0.15
  • Lot Size: 69 x 99
  • Est. Taxes: $3,602
  • Lot Desc: Cul-De-Sac
  • View: Water
  • Pet Policy: Yes
  • Appliances: Other
  • MLS#: TB8330384
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/TB8330384/916baypointdrive_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 12/21/2024 10:47:07 PM)
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888.699.8876

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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
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860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

916 Bay Point DRIVE, Madeira Beach, FL, 33708

$1,499,900

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 $1,199,920 $1,199,920 $1,199,920
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 $300 $300 $300
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,783 $7,683 $10,535
Total Monthly Payment $8,208 $8,108 $10,960

* 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.