Introducing an exceptional investment opportunity in the charming coastal neighborhood of North Redington Beach! This fully furnished, turnkey, 2-bedroom, 2-bathroom condo is situated on the second floor of the El Mar condo community. It's move-in and rental-ready and certainly promises a lifestyle of relaxation and convenience. Nestled just across the street from public access, you can walk to the glistening sandy shores of North Redington Beach in just a few minutes. This unit welcomes you with its open floor plan, perfectly set up for entertaining. Adorned with ceramic tile and LVP flooring throughout, upkeep is a breeze, allowing more time to savor the coastal ambiance. The recently remodeled kitchen boasts elegant white shaker cabinets, soft-close drawers, quartz countertops, a tasteful tile backsplash, stainless steel appliances, and a convenient wine cooler. The spacious primary bedroom features two closets with organizational systems and an ensuite bathroom showcasing a lavish walk-in shower. While the full guest bathroom through the hall offers a tub/shower combo for added comfort. This unit has been thoughtfully updated with smart home features, including an energy-efficient thermostat and front door smart lock. You'll also notice impact-rated windows for added peace of mind. Enjoy the convenience of an in-unit washer/dryer and a private outdoor storage area for all your beach essentials. Residents and guests enjoy access to a private gym, pool, rooftop deck with outdoor grill and sunset views, pet spa with dog wash and grooming station, a peaceful courtyard, outdoor shower, and communal kayak and bike storage. The condo's monthly Association fees cover an array of amenities and utilities, including water, sewer, trash, cable, internet, pest control, community maintenance, and exterior insurances. This condo's prime location is walkable to multiple restaurants, shops, parks, and public transportation stops, ensuring easy access to all the area has to offer. What's more, this property is Airbnb renter-friendly with 2-week short-term rental minimums, making it an attractive option for savvy investors. Don't miss out on this exceptional opportunity to own a piece of coastal paradise. Schedule a viewing today and seize the chance to indulge in a coastal lifestyle of relaxation and investment potential. Bedroom Closet Type: Built In Closet (Primary Bedroom).
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William Raveis Real Estate
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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 | $364,000 | $364,000 | $364,000 |
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 | $361 | $361 | $361 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,483 | $2,419 | $3,121 |
Total Monthly Payment | $2,919 | $2,855 | $3,557 |
* 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.