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Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Short Sale. This 3-bedroom, 2-bathroom, 1, 456 sq. ft. home is more than just a renovation project—it’s an opportunity to create a versatile property in one of Florida’s fastest-growing Gulf Coast towns. Whether you envision it as a high-performing short-term rental on VRBO or Airbnb, a steady long-term investment, a seasonal retreat, or a full-time family home, this property offers the flexibility to match your goals and generate impressive returns. With Englewood’s rising demand for rentals and vacation homes, the cap rate potential on this home makes it an attractive choice for savvy buyers.
The interior drywall has already been removed, giving you a clean slate to craft a layout and design that captures your vision. Major updates are already complete—including a brand-new roof installed in 2024, full sewer redrain, and foundation repairs—all done with permits. The heavy lifting is finished, leaving you free to focus on finishes that elevate both function and value. Remodeling this property could unlock its full income potential while creating an interior that appeals to both vacationers and future buyers.
Outside, an oversized driveway offers plenty of parking for guests, boats, or RVs, while a fenced yard with a storage shed invites endless possibilities for relaxation or tropical landscaping. Imagine adding a patio or pool to complete the coastal retreat experience—ideal for seasonal visitors or vacation rental guests returning year after year.
Life in Englewood is defined by its white-sand beaches, turquoise Gulf waters, and welcoming community spirit. From boating and fishing adventures to boutique shopping, art galleries, and fresh seafood dining, this coastal town has become a sought-after destination for both residents and tourists. As Englewood continues to grow, thoughtfully remodeled homes like this stand to appreciate quickly, offering both lifestyle benefits and strong investment performance.
Whether you’re an investor seeking strong rental income, a flipper aiming for a lucrative resale, or a homeowner ready to design your perfect beach-town getaway, this property delivers the location, structural updates, and growth potential to make your vision a reality.
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Our Executive Mortgage Banker:
Our Insurance Division:
$149,900
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $119,920 | $119,920 | $119,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.156% | 5.396% |
| Monthly Tax Payment | $137 | $137 | $137 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $681 | $718 | $956 |
| Total Monthly Payment | $893 | $930 | $1,168 |
* 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.