13750 Park BOULEVARD, Seminole, FL, 33776 | $3,500,000

One or more photo(s) has been virtually staged. Pre-Construction. To be built. Don't miss out on this incredible opportunity! This property is a pre-construction gem waiting to be built. Obviously, investors have the option to facilitate and build residences to their own specifications, but the current development plan offers entitlement for construction of 9 luxury townhome units. All are 4-bedroom, turn-key homes with rooftop living, elevators, and significant income potential with minimum lease restrictions. This site plan is conditionally approved pending completion of the Right-of-Way bond which is imminent. Located just a half-mile from the pristine beaches of Florida's central gulf coast, this property boasts a prime location with easy public parking access to the beaches. You can reach the beach in a quick 10-minute walk or a 1-minute drive. This elegant property combines luxurious living with a lucrative income opportunity, and there are no rental restrictions in place. One of the standout features of this property is its strong zone rating for flood insurance requirements, ensuring your investment is well-protected against the riskiest exposures, such as hurricanes. Safety and peace-of-mind come standard here. Inside, the existing construction plan for each home offers four spacious bedrooms, three full baths, and two half baths. With 10-foot volume ceilings and abundant natural light, it exudes lifestyle luxury. The rooftop living area with space for an outdoor kitchen is the cherry on top, providing breathtaking panoramic views of the surroundings for owners and potential tenants to enjoy. Car enthusiasts will appreciate the thoughtfully designed two-car garage, offering secure parking and ample storage space. Two of the bedrooms feature ensuite baths, and the primary bath is adorned with the finest finishes, a spacious walk-in shower, and dual vanities. The versatility of the additional bedrooms allows one to adapt the space to their needs, whether as guest rooms, a home office, or any other purpose. Safety and durability are also built into the plan. The top priorities for the existing planned construction include solid block construction on all floors and highly rated ESW windows and doors to protect against storms and natural elements. Per the proforma metrics herein, unlock the income potential of this property with its sought-after location and impressive amenities. Elevators connect every level of the home, ensuring accessibility for all occupants and making daily life more comfortable. Situated near shopping, dining, and entertainment options, these residences offer convenience and luxury living at its finest. Owners and rental guests have quick access not only to silky sand beaches but also to downtown St. Petersburg and other vibrant metropolitan areas. World-renowned entertainment venues, arts, concerts, shows, and an award-winning international airport are just a short drive away, expanding one’s opportunities for exploration and adventure. Seize this chance to own the entitlement to an enticing, convenient, and income-generating opportunity that encapsulates the essence of upscale living. Don't let this investment slip through your fingers! For those investors requiring a greater investment opportunity consisting of more entitled properties and land, listing agent has access to additional income opportunities with no rental restrictions. Ideal for robust short-term rental income with very attractive cap rates.

Features

  • Bedrooms: 36
  • Units: 9
  • Year Built: 2024
  • Garage: 2-car
  • Heating: Central, Electric, Zoned
  • Cooling: Central Air, Zoned
  • Approx Sq. Feet: 2,659
  • Acreage: 0.55
  • Est. Taxes: $8,000
  • Lot Desc: Near Public Transit
  • Elem. School: Bauder Elementary-PN
  • Middle School: Seminole Middle-PN
  • High School: Seminole High-PN
  • Pet Policy: Yes
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • MLS#: A4586540
  • Days on Market: 76 days
  • Website: https://www.raveis.com
    /prop/A4586540/13750parkboulevard_seminole_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 4/17/2024 9:47:11 AM)
Listing courtesy of SEASALT PROPERTIES   Phone: 727-289-9403

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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13750 Park BOULEVARD, Seminole, FL, 33776

$3,500,000

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 $2,800,000 $2,800,000 $2,800,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 7.250% 7.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.955% 7.354% 7.207%
Monthly Tax Payment $667 $667 $667
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $19,101 $19,101 $25,167
Total Monthly Payment $19,893 $19,893 $25,959

* 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.