Experience the pinnacle of beachfront living in this stunning 4th-floor condo at Villa Madeira, where the Gulf of Mexico serves as your breathtaking backdrop. Unit #409 is a true gem, offering endless views, soothing waves, and all the comforts of coastal luxury. Relax and unwind on your expansive 20x7 screened balcony, just steps from the sand and surf. Few properties offer this unparalleled proximity to the water, ensuring panoramic vistas and the calming sound of waves at your doorstep. With 1, 130 square feet of beautifully designed space, this 3-bedroom, 2-bath condo offers ample room for owners and guests alike. The open-concept layout connects the updated kitchen, dining, and living areas, all oriented toward captivating Gulf views. A seven-day minimum rental policy makes this property a lucrative investment with nearly $90, 000 in annual gross income while allowing flexible owner usage. The kitchen boasts solid wood cabinetry, gleaming granite countertops, and stainless-steel appliances. Wake up to the Gulf in your primary bedroom, featuring direct balcony access, serene beach views, and a beautiful en-suite bath with a soaking tub for ultimate relaxation. Two additional bedrooms offer comfortable accommodations for family or guests. Villa Madeira's amenities enhance the beachfront lifestyle. A heated swimming pool with a paved sundeck overlooks the beach and includes restrooms, ample seating, and lounging options. Assigned parking near the elevator lobby and generous guest parking ensure convenience. The building and amenities are undergoing significant improvements, including all-new exterior painting with an inviting color palette, lobby repairs, and pool renovations, with all expenses covered by the seller. Enjoy peace of mind knowing your investment is well-maintained. Some photos are from pre-storm. Located within walking distance of the vibrant shops and dining at John's Pass Village and minutes from Treasure Island, St. Pete Beach, and downtown St. Petersburg. Easy access to Tampa International Airport makes travel a breeze. Offered fully furnished, this beachfront haven is a turnkey opportunity for personal enjoyment and investment. Don't miss the chance to own your slice of paradise. Call today for your private showing!
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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 | $799,200 | $799,200 | $799,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.538% | 6.874% | 7.430% |
Monthly Tax Payment | $982 | $982 | $982 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,317 | $5,184 | $7,072 |
Total Monthly Payment | $6,391 | $6,258 | $8,146 |
* 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.