This one-of-a kind home sits on over 1/2 acre of waterfront property on the Como Waterway which leads to the Gulf of Mexico and is the perfect house for entertaining! The original home was situated on a single lot but was merged with the subsequently acquired adjacent lot for tax benefit purposes.
The house consists of over 2, 000 sq ft of living space which includes a lanai that was enclosed and air conditioned. The open floor plan is so unique that there are a myriad of ways that furniture could be placed, limited only by your creativity! The entire back wall of the family room opens via folding doors to allow unfettered access to the pool and canal beyond. Within the last 7 years, the kitchen was remodeled along with the laundry room and master bathroom, and the entire living area (LR, DR, FR) was tiled (2021)
The roof was installed in 2020 and the HVAC system was upgraded to accommodate the increased square footage in 2021.
High-end garage shelving was added to the garage and the floor was epoxied in 2021.
The in-ground pool is surrounded by a newly screened cage with “full-view” screens meaning there is no cross bar at eye level when sitting on your lanai or in your family room. The pool can easily be converted back to salt-water. Beyond the pool to the back is a ramp to the dock with a 10k lb boat lift. To the left is a hot tub and an outdoor kitchen with built-in grill, refrigerator, marble countertop and an overhead pergola offering the ability to provide shade for the chef!
Beyond the outdoor kitchen, you will find the adjacent lot which the original owner had begun to develop. It includes a huge patio with a firepit (needs to be rebuilt) and a massive set of Travertine stairs with a retaining wall that eases the descent from the lot to the patio. The owner’s original intention was to build an auxiliary building with a workshop on the main level and an in-law apartment on the second floor.
The house is in a flood zone but has never, in the last 7 years, even come close to flooding since the house sits high above the water level.
The house is in need of minor cosmetic attention including (but not necessarily limited to) floor transitions, door locks, painting of 3rd bedroom and common bath, hot tub pump and outdoor kitchen adjustments. Mechanically it’s in great condition!
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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 | $412,000 | $412,000 | $412,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | $691 | $691 | $691 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,707 | $2,738 | $3,474 |
Total Monthly Payment | $3,490 | $3,521 | $4,257 |
* 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.