Location, location, location is everything at this waterfront oasis on beautiful Tarpon Pointe, in the heart of the downtown core (one of the last remaining waterfront properties in Bradenton). This fully restored 1939 Key West cottage has NEVER received any storm damage in its long history (including recent hurricanes Helene and Milton) and occupies a spacious corner lot directly on the popular Riverwalk. A rare gem (within the historic district), this unique property is both residential and T-5 commercial (with no deed restrictions and no HOA) – offering optimal opportunity and value. Available furnished or unfurnished, it is currently a successful Airbnb/VRBO and Airbnb ‘Guest Favorite. ’ With water views from three sides of the home, this 3-bedroom, 2-bath house sits on the lovely Manatee River (near Tarpon Pointe Marina) with its convenient access to the Intracoastal Waterway, Gulf of Mexico and Tampa Bay -- and the sandy white beaches of the Gulf of Mexico – and its central location offers easy access to the airports in Sarasota, Tampa and St. Petersburg.
With an abundance of natural light and stunning water views, it is the ideal space for hosting, entertaining or running your own business. Quality is everywhere you look with elegant crown molding, wood, and ceramic tile flooring throughout. Upgrades include a metal roof (installed in 2010), an HVAC system (installed in 2019). All the rooms have ceiling fans. All original, double-hung windows were restored in 2018. A stand-up attic runs the full length of the house offers great potential to add a loft or complete second floor. The covered lanai is a favorite spot to enjoy the natural, year-round river breezes. This spacious property is lush with mature trees and shrubs and has two tropical rain gardens that support the natural ecosystem. The sizable backyard is a blank slate and is the perfect setting for yard games, fire pit, trailer/boat storage with room for one or more ADUs with opportunities for a pool, a place for your pets to run around or decorative fencing. A Clusia Rosea hedge was planted along the north and east sides of the property in Spring 2024. There is also the possibility of adding a private dock and boat lift just across the street with the included riparian rights (permits available through the City of Bradenton).
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$899,000
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 | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.261% | 6.748% | 6.847% |
Monthly Tax Payment | $411 | $411 | $411 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,785 | $4,605 | $6,315 |
Total Monthly Payment | $5,288 | $5,108 | $6,818 |
* 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.