506 Madrid DRIVE, Tierra Verde, FL, 33715 | $1,400,000

Welcome to your dream home on the picturesque island of Tierra Verde, where luxury meets comfort in this beautifully remodeled single-story 4 bedroom, 3 bath home. Nestled in an excellent cul-de-sac location, this stunning property offers a seamless blend of modern elegance and Florida charm. As you step inside, you'll be greeted by the grandeur of volume ceilings that adorn every room, creating an airy and spacious atmosphere. The flexible floor plan caters to every need, boasting a thoughtfully designed split floor plan with a guest suite, a formal dining room, and a separate office for the ultimate convenience. Prepare to be dazzled by the stunning new kitchen, adorned with white shaker cabinetry that extends to the ceiling, complemented by lighted glass cabinets for a touch of sophistication. The gorgeous quartz countertops, walk-in pantry, and stainless steel farm sink elevate the culinary experience, while the breakfast bar overlooks the spacious family room, complete with a cozy wood-burning fireplace and built-in features. Sunlight floods the home through ample windows, accentuated by new custom window treatments that add a touch of refinement to every room. The all-new wide plank luxury vinyl flooring throughout the great room, kitchen and most bedrooms exudes modern elegance, creating a seamless flow throughout the home as well as the floor to ceiling pocket sliding doors that create a seamless flow to the exterior.
The roomy primary suite features sliding doors leading to the outdoor entertaining area, inviting you to indulge in the serene surroundings. Two walk-in closets provide ample storage, while the luxurious en-suite bath is a sanctuary of relaxation, featuring separate vanities, a soaking tub, a walk-in shower, and a private water closet.

Step outside to the expansive lot, where the potential for a pool awaits, and the outdoor living area has been recently enhanced with an additional built-up brick paver deck, extending the living spaces into the serene outdoors. Your very own custom Tiki Hut beckons, setting the stage for unforgettable gatherings and laid-back evenings in your private oasis. To top it all off, an oversized 3-car side-loading garage stands ready to accommodate all your additional toys, ensuring that every need is met with style and functionality.
With its prime location just minutes from the vibrant city of St. Petersburg, nearby white sand beaches and the cultural offerings of the Tampa Bay area, Tierra Verde strikes the perfect balance between serene island living and urban convenience. Don't miss this opportunity! Bedroom Closet Type: Walk-in Closet (Primary Bedroom).

Features

  • Amenities: Fence Restrictions, Park, Playground, Recreation Facilities, Tennis Court(s), Trail(s)
  • Rooms: 8
  • Bedrooms: 4
  • Baths: 3 full
  • Lot Size: 104 x 113
  • Laundry: Inside, Laundry Room
  • Style: Custom
  • Year Built: 1995
  • Garage: 3-car Driveway, Garage Faces Side, Oversized
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,589
  • Acreage: 0.29
  • Lot Size: 104 x 113
  • Est. Taxes: $16,209
  • HOA Fee: $350 Annually
  • Lot Desc: Cul-De-Sac, Flood Insurance Required, FloodZone, In County
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: U8234447
  • Days on Market: 59 days
  • Website: https://www.raveis.com
    /eprop/U8234447/506madriddrive_tierraverde_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 5/17/2024 7:02:14 PM)
Listing courtesy of COMPASS FLORIDA LLC   Phone: 727-339-7902

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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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506 Madrid DRIVE, Tierra Verde, FL, 33715

$1,400,000

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 $1,120,000 $1,120,000 $1,120,000
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 $1,351 $1,351 $1,351
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,546 $7,358 $9,911
Total Monthly Payment $9,022 $8,834 $11,387

* 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.