Presented byOlga Nazarovets |
Sitting on nearly an acre along the Gulf of Mexico, this property offers a unique canvas for coastal living and OPTIONS! With this property, comes approved pre-construction plans to build your dream house. It is designed with hints of Frank Lloyd Wright and brought to life by the award-winning design firm GAA Architect I Interior Design, based in Coral Gables. Once built, this gorgeous home will stand the test of time with class, elegance, and style. From the sturdy pilings to a solid two-story structure, every detail exudes craftsmanship. The property extends to the water's edge, providing panoramic views from every room and balcony. Not yet ready to build? The existing beach cottage generated an income of over $256, 000 in 2023 and already has almost $190, 000 in bookings for 2024. It is a 3/3 in the main house and a 1/1 guest house. All bedrooms are en-suite with two having direct beach access. This coastal gem is close to all Pine Ave shops, restaurants and Piers on the Bay. You or your tenants can enjoy island living while having the constant presence of the waters of the Gulf of Mexico in your sight. This income-generating potential makes it a unique investment on Anna Maria Island. Don't miss this opportunity… a rental income stream and/or a place to quickly build your beach paradise.
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Our Executive Mortgage Banker:
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$7,300,000
Sales Associate
William Raveis Real Estate
Phone: 203.252.8890
Olga.Nazarovets@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.952.8600
Joseph.Mollica@raveis.com
NMLS Mortgage Loan Originator ID 130058
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $5,840,000 | $5,840,000 | $5,840,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 6.989% | 6.936% |
Monthly Tax Payment | $3,021 | $3,021 | $3,021 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $39,345 | $38,365 | $51,679 |
Total Monthly Payment | $42,491 | $41,511 | $54,825 |
* 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.