806 Bay Point DRIVE, Madeira Beach, FL, 33708 | $795,000

A Rare Opportunity Awaits: Priced to Sell and Won’t Last! Nestled near the end of a quiet cul-de-sac, this 806 Bay Point boasts privacy, potential, and an unparalleled location in one of the area’s most desirable neighborhoods.

The lot provides endless opportunities to create your dream waterfront oasis. Direct and expansive intercoastal access offers deep water perfect for boating enthusiasts, with easy navigation to the Gulf of Mexico. Watch dolphins play in your backyard, enjoy serene water views to the east at sunrise, or marvel at breathtaking sunsets to the west.

The home experienced damaged from Hurricane Helene, but it had never experienced flooding before. This is a prime opportunity to build your custom dream home on this expansive lot with stunning water views and private dock access. Imagine crafting a modern masterpiece tailored to your vision.

Located in a high-end enclave known for its charm and exclusivity and nestled amidst multi-million dollar homes, this home offers the best of both worlds: a serene retreat and easy access to the vibrant energy of Madeira Beach. Explore world-class dining, shopping, and entertainment, all just moments away.

This property offers exceptional value and a rare chance to enjoy luxury waterfront living at a great value. With no pending insurance claims, buyers can anticipate a smooth and timely closing process. Don’t miss this opportunity to create your dream home in one of the area's most exclusive coastal communities—this property won’t be available for long!

Impacted by Hurricane Helene and affected by flooding, the property is being sold "AS IS”. Seller is making no statement as to whether the building is salvageable. The property is being sold for Land Value. The structure is As-Is/Where-Is and will be the Buyer’s responsibility to repair, demolish and remove after closing.

Features

  • Rooms: 6
  • Bedrooms: 2
  • Baths: 2 full
  • Lot Size: 60 x 110
  • Laundry: In Garage
  • Style: Bungalow, Contemporary, Ranch
  • Year Built: 1956
  • Garage: 1-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,508
  • Acreage: 0.15
  • Lot Size: 60 x 110
  • Est. Taxes: $2,581
  • View: City, Water
  • Elem. School: Orange Grove Elementary-PN
  • Middle School: Seminole Middle-PN
  • High School: Seminole High-PN
  • Pet Policy: Yes
  • Appliances: None
  • MLS#: TB8331205
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/TB8331205/806baypointdrive_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 9:47:09 PM)
Listing courtesy of CENTURY 21 RE CHAMPIONS   Phone: 727-398-2774

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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806 Bay Point DRIVE, Madeira Beach, FL, 33708

$795,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $636,000 $636,000 $636,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment $215 $215 $215
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,285 $4,227 $5,363
Total Monthly Payment $4,592 $4,534 $5,670

* 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.