Discover Your Coastal Dream Three Enchanting Boho Beach Bungalows on One Property at Stunning Nokomis Beach in Sarasota County! Step into a world filled with charm and character in these beautifully designed spaces, Great for those who dream of living close to the beach. This rare gem has only had one previous owner since the '50s, offering a unique chance to own 3 units sooo close to the gulf! Unlimited Possibilities! Whether you want to: Rent out all 3 units for an income that beats any bank interest rate, Keep one for yourself and rent out the other two, Convert it into a Vacation Property, Guest Cottages, Mother-in-law suite, or even Your Own Art Studio—the choice is yours! Incredible Flexibility: Maintain it as 3 units or effortlessly transform it into a 2/2 + 1/1 layout. What other property is going to help you pay your mortgage? Key Features: Spacious Lot: Plenty of room for parking a boat or RV Workshops/Outbuildings: Ideal for hobbies or storage No HOA or CDD Restrictions: Enjoy your beach freedom without extra rules Prime Location: You're minutes away from the beach, a free boat ramp to the open gulf, restaurants, shops, the jetty, fishing spots, and so much more. Plus, there'was no flooding or storm damage here! It's move-in ready, so you could be living or earning at one of Florida's best beaches in no time. Experience the Serene Salty Dream Lifestyle—now is your chance to own a personal slice of paradise and a fantastic investment property. Embark on your beachside adventure and explore the endless potential of this extraordinary property!
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Our Executive Mortgage Banker:
Our Insurance Division:
$729,500
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 | $583,600 | $583,600 | $583,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.295% | 7.408% | 6.623% |
Monthly Tax Payment | $325 | $325 | $325 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,932 | $3,981 | $5,044 |
Total Monthly Payment | $4,349 | $4,398 | $5,461 |
* 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.