MOTIVATED SELLER - MAKE AN OFFER - $500, 000 PRICE REDUCTION! This stunning canal front home was renovated to the studs plus expanded in 2018. Ideally located in the waterfront community of Key Royale on Anna Maria Island, this home offers a new and modern living experience with open floor plan, vaulted ceilings and 4 bedrooms with 4 ensuite bathrooms. It is perfect for a vacation home, year round living or earning that much sought after rental income with its documented rental history. This concrete block home is solidly built and has 2018 hurricane impact resistant windows and doors, 2018 roof, 2018 kitchen, 2018 baths, a 2018 heated saltwater pool, a well for irrigation and was re-piped including sewer lines in 2018. Upon entering, you are greeted by an open concept floor plan, a light and airy aesthetic, high ceilings with wood beams, and tropical water views. The inviting and spacious great room is filled with natural light thanks to a full wall of glass French Doors overlooking the pool, saltwater canal and dock. The poolside loggia with vaulted custom wood ceiling and travertine lanai is a beautifully designed resort space with waterfront pool, perfect for swimming laps or lounging in semi-submerged chaises on the water-filled sundeck. It's truly a seamless blend of indoor/outdoor living with expansive spaces for dining, lounging, and sunbathing, making for the perfect island experience whether it's a cozy dinner under the stars or returning from a day on your boat to a soothing soak in your private pool. This home offers it all. Attention to detail and sophisticated design can be found throughout this home. The floors are wood-like porcelain tile planks (no carpet), ensuring a clean polished look and easy maintenance. The property boasts four generously sized ensuite bedrooms with bathrooms featuring exquisite marble and mosaic finishes including zero threshold showers, adding a touch of luxury to every corner and providing a private sanctuary for every occupant. The heart of this home is undoubtedly the sleek Euro style kitchen, designed for both functionality and entertainment. The kitchen boasts a sizable entertaining island with elegant quartz counters, and is equipped with stainless steel appliances, including slide-in range and wine refrigerator. This home is not only stunning but also an investment opportunity. It has proven to be a successful rental property making it an attractive prospect for investors seeking lucrative returns. The home is just moments from the beach at the end of Key Royale/66th Street, the par 32 nine hole Key Royale Club plus the charming shops and restaurants of Anna Maria Island. Imagine the wonderful lifestyle when your biggest decision of the day is whether to take your golf cart to all the fun, swim in your waterfront pool, fish from your private dock, or relax on the beach at sunset. The peek-a-boo views of the majestic Sunshine Skyway Bridge from the front of this home add to its allure, making it a truly special and unique property.
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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 | $2,080,000 | $2,080,000 | $2,080,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.903% | 7.014% | 7.041% |
Monthly Tax Payment | $1,445 | $1,445 | $1,445 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,189 | $13,664 | $18,551 |
Total Monthly Payment | $15,759 | $15,234 | $20,121 |
* 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.