One or more photo(s) has been virtually staged. This charming 2-bedroom, 1 1/2-bath condo at Madeira Beach Yacht Club offers the perfect blend of comfort and convenience, making it an ideal vacation getaway or rental property. Located in the heart of Madeira Beach, Florida, this waterfront community is just a short walk from the stunning beach, local restaurants, grocery store, pharmacy, and vibrant nightlife. Enjoy relaxing strolls along the scenic walking path by the water or take advantage of the community's fantastic amenities, including two heated pools, a clubhouse with a billiards room, an exercise room, and a spa with hot tub. The property also features fishing piers for anglers and is directly across the street from ROC Park, providing even more outdoor recreation options. Whether you're looking for a peaceful retreat or an income-generating property, this condo offers everything you need for a relaxed, coastal lifestyle. Condo was flooded during Hurricane Helene It is in process of being completely remodeled. Now is the time to buy, so you can pick out your countertops, appliances, cabinets, paint colors and flooring. The flood insurance claim process is under way and can be discussed privately with potential the buyer.
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$395,000
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 | $316,000 | $316,000 | $316,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.386% | 6.623% |
Monthly Tax Payment | $523 | $523 | $523 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,102 | $2,156 | $2,731 |
Total Monthly Payment | $2,700 | $2,754 | $3,329 |
* 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.