This fully-furnished condo is a fantastic Madeira Beach investment opportunity that allows you to generate additional income through short-term leases. This condo can be your main residence or it can be used as a vacation home that produces income while you are not there. It is located on the first floor, which allows for easier access when it is needed. The AC unit and water heater were both replaced in 2022, along with the vinyl floors in the bedroom and fresh paint. All you have to do is walk across the street and you will be on Pinellas County public beach. There are also many other beautiful beaches within walking destination, such as Redington Shores and Treasure Island. The large amounts of restaurants and bars around the condo makes it very appealing to tourists. Some of the popular restaurants include Caddy's, Dockside Dave's, and Daiquiri Shack. John's Pass is located very close and is filled with fun activities for anyone, tourists or families. Another big bonus is that there is a bus stop located across the street, this little detail makes this condo very interesting for tourists. Pets are allowed, with no size limits. On the property there is a grill, a resting area, and a large heated pool that can be used year-round. Once you see this condo, you will fall absolutely in love.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$334,999
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $267,999 | $267,999 | $267,999 |
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 | $299 | $299 | $299 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,828 | $1,781 | $2,298 |
Total Monthly Payment | $2,202 | $2,155 | $2,672 |
* 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.