This stunning and recently renovated residence remains unharmed by our recent storms! Dolphin Reef and its homeowners did not skip a beat, and they are ready today for you to enjoy your beach front lifestyle! This one of a kind and rarely available Penthouse Level 3/2 Condo is perfectly positioned on the sands of Indian Rocks Beach. The renovated condo includes all the furnishings, and is sold turn-key, so it is ready for you to enjoy now! The Dolphin Reef Condominium Association is strong and has recently undertaken a major renovation to its property. In 2023 they completed a stunning transformation on the sea-side Pool/Spa, outdoor kitchen/bar, a composite deck with new seating/lounging furniture -all surrounded by a consistently pristine kept landscaped green space. Starting in 2023 the exterior of the entire building began receiving many updates including fresh paint and refinishing of unit owners' lanais where needed. For 2025, the building will receive a brand new 20 year roof. Did I mention that all assessments for these big items have recently been paid? What sets residence #506 apart from any other? Only the top floor has Skylights and high volume ceilings- a rare find- spilling natural light throughout! The Owners suite boasts spectacular seaside sunset views through floor-to-ceiling glass Hurricane-impact sliding doors (installed 2022). Exterior electric storm shutters insure additional protection and serve as "blackout shades". Owners Suite Bath offers two room privacy adjacent to a large walk in closet with custom closet system. Even 2nd and 3rd bedrooms have intracoastal water views and ceiling fans. Interior Laundry with washer (2022)/ dryer included. Kitchen boasts reflected Gulf views and island style bar with seating for 3-6 additional guests. Stainless kitchen appliances and tankless hot water heater less than 5 years old (2023 LG Fridge). . The pool deck provides a perfect setting to spend time with friends or family. DOLPHIN REEF is a well maintained mid-rise consisting of 40 condos in a secure building with 2 ELEVATORS, a gated private beach access, a fitness facility with sauna, locker rooms and a 5th floor social room w pool table, fridge and TV. Condo Association Fees cover building insurance/flood insurance/maintenance, pest control, water, trash/sewer, basic cable, high speed internet, as well as an excellent on-site maintenance manager. Making beach life even more convenient, next to the deeded under building assigned parking space #506, you have a deeded private lockable ground floor storage closet where you can keep all your beach toys. Make this your primary home or use as secondary residence, or even a vacation rental with a 30 day minimum rental requirement/maximum 12 changes of occupancy per year. DOLPHIN REEF is a GULF FRONT TREASURE perfectly located on the North end of Indian Rocks Beach, a golf-cart friendly beach community that is uniquely known for its great restaurants. Beach-walk to a wide variety of restaurants - even an authentic French Bakery just a few blocks to the South! The Intracoastal Waterway is just a couple of blocks East where the IRB community enjoys the annual Holiday Lighted Boat Parade! Pet friendly for owners: 1 pet max 20 LB. It is VERY important to note how proactive this Association is in taking care of their property, and how well it held up in our recent storms. . . . . . . CHEERS to BEACH LIFE!
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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 | $1,107,920 | $1,107,920 | $1,107,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.444% | 6.748% | 7.366% |
Monthly Tax Payment | $1,038 | $1,038 | $1,038 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,278 | $7,094 | $9,804 |
Total Monthly Payment | $8,441 | $8,257 | $10,967 |
* 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.