Don't invest in HIGH and always increasing condo fees! This incredible TURN-KEY FURNISHED beach HOME is for sale with DEEDED BEACH ACCESS, a COMMUNITY BOAT DOCK on Lemon Bay, NO RENTAL RESTRICTIONS and hard to find OVERSIZED LOT (. 25 ACRES) - leaving plenty of potential for a pool, garage or living addition! (Plans attached for idea) This charming BLOCK HOME is built ELEVATED on a SLAB FOUNDATION with a METAL ROOF – all desirable building aspects that buyers are looking for along with a FULLY FENCED in and tropical yard. Just a few steps up lead you to the ever-popular FRONT PORCH entrance and into the home where you will be impressed by the VAULTED CEILING GREAT ROOM with OPEN FLOOR PLAN layout that makes this property feel even larger than it is. Natural light pours in through two sets of sliding glass doors, one of which fully pockets open to an expansive screened-in porch perfect for entertaining and enjoying the Florida breeze. The KITCHEN WAS RECENTLY UPGRADED to a fresh, coastal look with all new white cabinetry, hardware, stainless steel sink with faucet and QUARTZ COUNTERTOPS with a breakfast bar and extensive amount of storage space. Tucked down the hallway you will find a laundry closet with full size washer and dryer for you, your cleaning staff and guest convenience along with a large guest bathroom with walk-in shower. The PRIMARY BEDROOM IS OVERSIZED with access to the backyard, a WALK-IN CLOSET and cozy ensuite bathroom with tub/shower combo. The guest bedroom is also a nice size currently with two twin beds but would also have space for bunks or a King-sized bed. Other features of this home include an EXTERIOR SHED for beach gear storage, fresh interior paint, all new fans and light fixtures, new bathroom vanities, new blinds on all windows and a lockable storage closet. TURN-KEY FURNITURE PACKAGE includes all TVs, linens, artwork, dishes, appliances, towels, BEACH GEAR, etc! PELICAN SHORES is a small neighborhood giving all the benefits of island living without the arduous deed restrictions, rental regulations and costs of other associations on Manasota Key. The DEEDED BEACH ACCESS is conveniently located directly across from the home and is just a short walk to a stretch of beach so rarely used by some that you often have the place to yourself! For just $300/year you can join in the fun with these pleasant and friendly neighbors with an additional and optional $100/year fee for use of the community dock. From here you can enjoy the sights, fish or hop on your boat in lively LEMON BAY WITH ACCESS TO THE GULF OF MEXICO via Stump Pass. FUTURE RENTALS already in place to transfer for next owners to offset costs and start a wonderful investment that you can also build memories with! Manasota Key is rare gem with slow living, fine dining, beach bars and EQUAL OPPORTUNITY FOR ADVENTURE AND RELAXATION. Call today to experience this property for yourself!
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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 | $716,000 | $716,000 | $716,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.103% | 7.041% |
Monthly Tax Payment | $1,075 | $1,075 | $1,075 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,884 | $4,764 | $6,386 |
Total Monthly Payment | $6,051 | $5,931 | $7,553 |
* 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.