This one-of-a-kind architect designed Island Estates 6th floor home was completely renovated in 2019. This timeless property has been in the same family since the concrete frame structure was built to state-of-the-art construction standards. It meets the structural integrity standards of the current state of Florida and has passed recent Milestone Inspections.
Located on an island off the Clearwater beach causeway and the intercoastal waterway, this unit offers a million-dollar corner view of the Gulf of Mexico, Clearwater Beach barrier island, and Caladesi Island State Park. Enjoy the wonderful water views from the kitchen or adjoining flex room and living/dining room that open to a corner balcony offering sunrise views towards Tampa and the intercoastal waterway and sunset views of the Gulf of Mexico. All living spaces enjoy marvelous views of the water.
The newly renovated custom built-in kitchen features pull out soft close drawers and cabinets including custom corner pantry with half glass frosted door. The kitchen includes all high end appliances and a dry bar with wine cooler and a glass door bar cabinet. A wrap around peninsula includes counter height seating while a bar height counter separates and connects the kitchen and great room with custom pendant lighting for both areas.
This two-bedroom custom condo features 12”x 24” porcelain tile floors with two full baths. The spacious master bedroom includes a built-in two-person office along the 12-foot window wall with granite counter tops and a view east of Island Estates and the intercoastal towards Tampa and Dunedin. The master ensuite features walk-in closet and bath with ample cabinets and linen closet with tub/shower glass enclosed wet area. Custom cabinets with quartz counter tops complete the suite. A separate laundry room includes custom cabinets, a stainless-steel sink with granite countertop, washer/dryer hook up and a utility closet.
The total renovation in 2019 included the following upgrades:
The condo has all new custom aluminum hurricane windows installed to Florida code for impact and wind loads.
New white aluminum balcony railings installed for safety and code compliance.
This is one of two of the 68 units that have 2024 required sprinkler system installed.
All hot and cold-water lines were replaced with new PEX lines.
New ductwork reworked and exhaust ducts were replaced with a new system.
A new code compliant fire alarm system was completed.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $716,400 | $716,400 | $716,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.750% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.239% | 6.849% | 7.037% |
Monthly Tax Payment | $745 | $745 | $745 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,827 | $4,647 | $6,389 |
Total Monthly Payment | $5,664 | $5,484 | $7,226 |
* 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.