Location, location! This is a great opportunity to own your dream home on a deep-water canal in San Remo Shores. This home is being sold as is due to some recent hurricane damage to the expansive pool deck, hot tub and boat dock. This home is currently a vacation rental that generates good income and can be left alone and utilized after renovation to the current pool deck, hot tub and boat dock. The boat dock boasts a 50, 000-pound boat lift that has been recently been serviced and ready to go. Gorgeous bay views from this beautifully furnished tropical retreat are waiting for you! Enjoy 180-degree panoramic views of Palma Sola Bay in this recently updated 3BR/2BA home! With over 150 feet of bay frontage located at the end of a quiet cul-de-sac. Enjoy a dip in your private heated pool or watch nearby dolphins play. Don’t forget to bring your boat to your deep-water private slip! After absorbing the view, you will notice that the living area is a large open design with a coral fireplace in the center with realistic LED flames. There is ample seating at the large six-person dining table and, for a more casual meal, sit at one of the two bars. The open kitchen is well equipped with all you need to enjoy your fresh catch at home, and you can store the leftovers in one of the two full-sized refrigerators. Wake up in your master bedroom to bay views, or enjoy your morning cup of joe on the lanai through your private access. The newly renovated spacious master bath has two sinks, a large shower, and a walk-in closet. If you desire to start from scratch and scrape this home to take advantage of the beautiful direct bay view this would be the perfect lot to start with located on the end of a cul-de-sac featuring low traffic volume and a panoramic view of Palma Sola Bay and direct entry into your boat dock and lift. San Remo Shores is an all-waterfront canal community on the south side of Palma Sola Bay in Bradenton Florida. There are no fixed bridges to the Tampa Bay, Sarasota Bay or the Gulf of Mexico. Waterfront home sites make the most of the natural environment, while architectural styles. lean toward contemporary Florida ranch homes with a dash of Mediterranean flavor. In addition to fishing and boating, the world-famous beaches of Anna Maria Island are just a few minutes away. Since the mid-1960s, the San Remo Shores in Bradenton has stood as one of the quintessential boating communities in Manatee County. This waterfront neighborhood has managed to retain the Old Florida charm of Cortez Village, and it is highly recommended for house hunters who are passionate about boating, fishing, diving, nature, and historical real estate. San Remo Shores was developed at a time when waterfront real estate was plentiful around Southwest Florida. Virtually all homes back into deep water canals with private docking space; the vessels kept by homeowners range from sports fishers to day sailors and ocean kayaks. Many of the homes have been extensively remodeled, and they are in very high demand. Since this is an older neighborhood, house hunters can expect spacious properties built on large home sites. This property in San Remo Shores offers a unique blend of potential and charm. With its deep-water canal access, stunning bay views, and the option to renovate or rebuild, it is perfect for boating enthusiasts and nature lovers alike. Its current status as a vacation rental makes it an attractive investment as well. Buyers Agent to verify room measurements.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,179,200 | $1,179,200 | $1,179,200 |
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 | $1,025 | $1,025 | $1,025 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,845 | $7,551 | $10,353 |
Total Monthly Payment | $8,995 | $8,701 | $11,503 |
* 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.