Under contract-accepting backup offers. Positioned in the heart of Redington Beach's ELITE RESIDENTIAL ROW, 16110 Gulf Blvd stands as a prime investment amidst a landscape of distinguished beachfront homes and compounds. This is a once in a generation opportunity to get an "old Florida" beach house or build your dream oceanfront home.
Unlike neighboring Beach Towns where coastline views are often compromised by towering condo complexes obscuring coastal views, this property offers unparalleled, unobstructed vistas of the pristine Florida shoreline. With 65 feet of well-maintained gulf frontage and ideal setback, the lot is primed for the construction of a large contemporary luxury residence, tailored to meet the discerning tastes of its future owner.
The existing structure, renovated in the 1980s, is completely habitable and ensures immediate utility and comfort, serving as a functional living space. The home features vaulted ceilings, open floor plan, and great room and kitchen facing the water.
Renderings have been provided by John Cannon to depict a home that could be built on the property.
Prospective residents will enjoy direct access to Redington Beach's renowned white sands and crystal-clear Gulf waters. Additionally, the strategic location of 16110 Gulf Blvd provides convenient proximity to St. Petersburg, downtown Tampa, Amalie Arena (TB Lightning), Tropicana Field (TB Rays), Raymond James Stadium (TB Bucs), George Steinbrenner Stadium and various arts and cultural exhibits along the Gulf Coast. In addition, the home is just minutes to restaurants, world class golf courses, and shopping. Area beaches and bays are world renowned for boating, fising, and other water activities.
This property represents an exceptional opportunity for those seeking a distinguished coastal lifestyle with the added benefit of easy access to the vibrant entertainment and cultural offerings in the surrounding areas.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,550,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $3,640,000 | $3,640,000 | $3,640,000 |
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 | 7.877% | 7.014% | 7.041% |
Monthly Tax Payment | $966 | $966 | $966 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $24,831 | $23,912 | $32,464 |
Total Monthly Payment | $25,922 | $25,003 | $33,555 |
* 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.