INVESTOR ALERT WITH MOTIVATED SELLER!!! 2023 Total Rental Income of Three similar units at Midnight Cove II - $31, 100+, $31, 700+ and $27, 950 respectively, see attachments!!! 2 BEDROOM BOTH OVERSIZED FOR KING SIZE BEDS! DIRECT WATERFRONT!! OWNER WANTS OFFERS!! UNUSALLY AVAILABLE! BEST OF BOTH WORLDS, PRIVACY ON THE INTRACOASTAL AND WALK ACROSS THE STREET TO THE PRIVATE BEACH! YOUR PARADISE & YOUR INVESTMENT WITH ONE WEEK RENTAL!! DIRECT WATERFRONT WITH COMPLETE PRIVACY! 2-bedroom, 1 1/2-bath Stunning Condo directly facing the Intracoastal Waterway with direct deeded beach walkway only minutes away across the street! Move-in ready and offering unobstructed, unbeatable direct water views, you will feel like you are in Paradise with this incredibly well-appointed condo. The first time you walk in you’ll notice the overwhelming natural light and the awesome full-water, direct ICW view! Embrace elegance and efficiency in the open-air kitchen with beautiful new lighting, well-done kitchen cabinetry, plenty of extra storage, an appliance garage, newer appliances and a large granite countertop that accommodates seating for two. With the walls removed from the updated lanai, you’ll experience a spacious larger living space with an exceptional view of the water. Hidden behind the mirrored glass doors you’ll find a stackable washer and dryer with even more storage space! Two nicely appointed bedrooms with exceptional, well-built, gorgeous furniture and plenty of additional storage and closets in each bedroom. The exquisitely furnished main bedroom includes a King bedroom suite with solid, quality furniture and the second bedroom has twin beds with equally nice, modern furniture. The only building in Midnight Cove II with a direct East facing view of the ICW, from the second floor you’ll enjoy watching boats and jet skis as the dolphins leisurely glide along and the Florida birds soar across the sky - an unbelievable location. Midnight Cove II is a pet-friendly, resort-style community, with a large heated swimming pool, an expansive pool deck area, newly rebuilt pickleball/tennis courts, a basketball court, club house, fitness center, gorgeous oak trees, lush landscaping. You’ll find kayak storage near the water and a fishing pier leading to the Intracoastal Waterway plus rental dock space for your boat (inquire about pricing with the office. ) If you are interested in investment income you’ll find that Midnight Cove II allows weekly rentals through an over active on-site rental management company! MCII offers a very active community including live music, Yoga classes, tennis matches, numerous barbeque areas, a car wash area and much more. You’ll find plenty of additional storage just a few steps from the front door to store your beach toys, then head over to the deeded walkway where you are minutes away from the pure Powdery 99% Quartz sands of Crescent Beach and our World-Famous Siesta Key Beach. Conveniently located near the finest dining, shopping, and entertainment, plus a short trolley ride to Siesta Key Village where you’ll find great shops, mini-donuts, dancing and live music. Now is your chance to move right in to your own slice of paradise with this incredibly well-done, move-in ready property!
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NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $591,200 | $591,200 | $591,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.538% |
Monthly Tax Payment | $457 | $457 | $457 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,033 | $3,929 | $5,069 |
Total Monthly Payment | $4,582 | $4,478 | $5,618 |
* 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.