Excellent opportunity in the highly desired St. Pete Beach waterfront community of Bahia Shores. Nestled on a tropically landscaped corner lot with wide sparkling water views, this 2, 019-square-foot block construction single-story home was impacted by Hurricane Helene is being offered "As-Is" for land value and is priced below the FEMA lot value of $932, 045 (source PCOPA). The premier location and lot size (7, 017 square feet) affords easy access to Boca Ciega Bay plus the Gulf of Mexico and is the perfect canvas to build a coastal waterfront dream home retreat or to renovate the professionally remediated three-bedroom, three-bath home currently in place with a new vision. Features of this picturesque property include 82 feet of water frontage with an updated, reinforced seawall designed to accommodate a future pool as well as a spacious 31-foot x 10-foot durable composite dock with kayak launch, perfect for dolphin watching, enjoying the sweeping water vistas and savoring tropical breezes. If choosing to renovate the existing home, buyers are advised to complete their due diligence to comply with FEMA’s 50% rule. Bahia Shores is a quick half-mile bike ride to award-winning St. Pete Beach and is located near restaurants, golf courses, Ft. Desoto, boutiques and is about a 15-minute commute to thriving downtown St. Petersburg.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $679,200 | $679,200 | $679,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.200% | 6.748% | 6.786% |
Monthly Tax Payment | $251 | $251 | $251 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,519 | $4,349 | $5,963 |
Total Monthly Payment | $4,862 | $4,692 | $6,306 |
* 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.