116 50th STREET, Holmes Beach, FL, 34217 | $4,999,000

Experience unparalleled luxury in this one-of-a-kind island home, perfectly designed for short-term weekly rentals. Nestled on an oversized 12, 400 square foot lot, this stunning property is offered fully furnished with an established book of business and future rental bookings in place for 2025. This home was custom built in 2015 and has over 4, 300 square feet of living space and 6500 square feet under roof. Featuring 6 bedrooms and 6. 5 baths and boasts three large master suites, two additional ensuite bedrooms. Create family meals in your dream kitchen with a retro gas range, Sub-Zero side by side refrigerator, U-Line under-counter fridge, wine cooler, and a huge butler's pantry with an incredible amount of storage. This property allows short term weekly rentals and is located just steps from the sugar sands and crystal-clear blue waters of the Gulf of Mexico. Just two homes from beach access, that is a lovely, shaded path that opens to one of the prettiest stretches of beach the island has to offer. Relax and swim in your lagoon style pool complete with a waterfall, waterslide, hot tub, and therapeutic cold plunge tub. Large outdoor living and entertaining areas, multiple screened-in porches, outdoor shower with hot and cold water, detached separate cover lanai with seating area with TV and a gas fireplace. The front porch and swing are so inviting! The home includes a roof-top deck with 360-degree views of the Gulf and the Bay. The pool receives lots of sunlight all year round! Lush tropical landscaping creates your own very private, tropical paradise. Every inch has been beautifully laid out and professionally designed perfectly for outdoor living. Inside the home find fantastic detail, gorgeous custom woodwork, unique ceiling angles throughout and many custom details rarely seen in properties on the island. The living area has built in custom cabinets and a gas fireplace. Other featured highlights include a built-in bunk bed area, large theater room with reclining leather theater chairs, an office area and a game table area. Two of the showers are steam showers. This home also has a full bath on the main floor and a pool bath. This property offers the ultimate in luxury island living and is perfectly suited for those seeking a profitable vacation rental or a private family retreat. Call today for your private showing and discover your island paradise!

Features

  • Rooms: 12
  • Bedrooms: 6
  • Baths: 6 full / 1 half
  • Lot Size: 124 x 100
  • Laundry: Inside, Laundry Room
  • Style: Florida, Key West
  • Year Built: 2015
  • Garage: 2-car Circular Driveway, Driveway, Garage Door Opener, Golf Cart Parking, Ground Level, Oversized
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 4,332
  • Acreage: 0.28
  • Lot Size: 124 x 100
  • Est. Taxes: $64,303
  • View: Garden, Pool
  • Pool: Heated, In Ground, Lighting, Pool Sweep, Salt Water
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer, Water Filtration System, Wine Refrigerator
  • MLS#: A4602609
  • Days on Market: 75 days
  • Website: https://www.raveis.com
    /eprop/A4602609/11650thstreet_holmesbeach_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/25/2024 12:32:08 PM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-896-9981

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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116 50th STREET, Holmes Beach, FL, 34217

$4,999,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $3,999,200 $3,999,200 $3,999,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 7.000% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.851% 7.115% 7.061%
Monthly Tax Payment $5,359 $5,359 $5,359
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $26,943 $26,607 $35,667
Total Monthly Payment $32,427 $32,091 $41,151

* 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.