11101 Gulf DRIVE, Anna Maria, FL, 34216 | $2,850,000

Welcome to Chillax, a rare find on Anna Maria Island. What makes this 5BR/4. 5BA home so special? First, the location and the size of the lot. This north end island home is located one block from the restaurants and shops on Pine Avenue while nestled in a quiet corner away from the hustle and bustle. The lot is nearly beach front with a one minute stroll to the sand and is oversized boasting nearly 11, 000 square feet in privacy. Secondly, because of its Bert Harris designation (see attached), it is approved to welcome a family or group of 16 people which is very rare on Anna Maria. How nice to have your whole gang together in one home instead of dividing up into groups of 8. A big surprise is the vast swimming pool, generous heated spa and covered outdoor living spaces providing room for all 16 guests to share and enjoy together. Next, Chillax boasts all the charm of an original old Florida cottage while outfitted with the latest amenities and fresh new furnishings. The home has been enjoyed as a duplex in the past with 3BR/3BA on one side and 2BR/1. 5BA on the other. It is currently opened up for a single family experience providing the new owner both options. Chillax is quiet, quaint, centrally located and only a few steps from the sand; an old Florida charmer for sure. Don't miss out on this rare opportunity to own a slice of island heaven. Plans for a brand new 6 bedroom single family home, available upon request.

Features

  • Units: 2
  • Laundry: Other
  • Year Built: 1925
  • Garage: 1-car Bath In Garage, Driveway
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,956
  • Acreage: 0.25
  • Est. Taxes: $12,744
  • Pool: Heated
  • MLS#: A4601321
  • Days on Market: 72 days
  • Website: https://www.raveis.com
    /prop/A4601321/11101gulfdrive_annamaria_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 6/1/2024 12:47:07 PM)
Listing courtesy of SATO REAL ESTATE INC.   Phone: 941-778-7200

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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11101 Gulf DRIVE, Anna Maria, FL, 34216

$2,850,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $2,280,000 $2,280,000 $2,280,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 7.000% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.851% 7.128% 7.061%
Monthly Tax Payment $1,062 $1,062 $1,062
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $15,361 $15,169 $20,334
Total Monthly Payment $16,548 $16,356 $21,521

* 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.