Welcome to Casa Di Palma, a recently renovated and modernized residence that combines the comfort of a single-family home with the convenience of condo living, only sharing a firewall. Enjoy the benefits of $50 HOA ANNUALLY, the absolute lowest you’ll find in the surrounding area. Flood insurance and homeowners' are low due to the property being elevated on stilts. Designated as RM15 zoning allows for short-term rentals while offering the versatility of an income-generating property. Historically, it has been rented at an average nightly rate of $900. Completely renovated in 2023, expanding to a spacious 2300 sqft layout featuring four bedrooms and 3. 5 bathrooms. The main level offers a sunken living room with a vaulted ceiling, custom lighting, and an electric fireplace to create a cozy atmosphere. The dining area comfortably accommodates eight people and includes bar seating. Additionally, the first floor features a large bedroom with a custom en-suite, a powder room, a laundry closet, and a chef's kitchen with modern appliances, ample storage, and premium features like a custom plastered hood, pot filler, two microwaves, a beverage/wine fridge, and a dedicated faucet for reverse osmosis drinking water. On the second level, you'll find a sunlit lounging area leading to a spacious outdoor gulf-view balcony, two bedrooms, two full luxurious bathrooms, a second laundry closet, and extra storage. The third level introduces a new fourth bedroom, a bright loft lounge area with captivating Intracoastal and Gulf views. There is plenty of parking space available for up to four cars, and the side yard has enough room for a hot tub, grill, and outdoor furniture. New windows and doors to keep the home super quiet. Conveniently located next to the renowned John's Pass Village and only nine miles from downtown St. Pete, which offers attractions such as the pier and the Dali museum. Come see this exceptional property in person to truly appreciate its beauty. Outside pictures have been virtually staged.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,299,000
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 | $1,039,200 | $1,039,200 | $1,039,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.838% | 6.851% | 6.915% |
Monthly Tax Payment | $642 | $642 | $642 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,001 | $6,740 | $9,196 |
Total Monthly Payment | $7,768 | $7,507 | $9,963 |
* 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.