Welcome to your perfect coastal retreat! This inviting 1-Bedroom, 1-Bathroom, 2nd-floor condo on Anna Maria Island offers the ultimate beach-to-bay lifestyle plus the benefit of excellent rental income potential. Filled with natural light and a soothing neutral décor, this condo is just moments from the community’s bay front fishing pier and deeded beach access to the Gulf of Mexico. Freshly painted and with new carpets, turnkey furnishings, a 2017 HVAC and an open kitchen flowing into the great room, this home is truly move-in ready. Enjoy relaxing on your private screened lanai accessible both from the great room and primary bedroom, or enjoy the convenience of your ensuite bathroom with conveniently placed in-unit laundry. One assigned parking spot and plentiful guest parking provide extra convenience. Runaway Bay features exceptional amenities including beach access directly across from the community, a clubhouse with catering kitchen and social areas, fitness center, a heated pool with complimentary chaises, tennis, pickle ball, bocce ball, shuffleboard, fishing, and a kayak launch. The community is pet-friendly (one pet up to 25 pounds is allowed) and weekly rentals are also allowed, with an on-site rental manager adding investment appeal. Perfectly located, the condo is steps from the free island trolley stop for easy exploration. Enjoy nearby restaurants serving varied cuisines including fresh seafood, lively tiki bars where you can dance under the stars, coastal boutiques, full-service marinas, golf, and water sports. Close to Historic Bridge Street, you’ll also find miniature golf, live music, and vibrant island charm. For peace of mind, this elevated 2nd-floor condo did not sustain any flooding or hurricane damage, and the community is in the active process of restoring its lush landscaping, amenities, and buildings. Whether you’re seeking a full-time beachy lifestyle, a second home, or an income-generating property, this prime location offers it all. Don’t miss this opportunity—schedule your showing today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$375,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $300,000 | $300,000 | $300,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.171% | 6.538% |
Monthly Tax Payment | $439 | $439 | $439 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,996 | $1,994 | $2,572 |
Total Monthly Payment | $2,510 | $2,508 | $3,086 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.