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Welcome to 624 71st Ave in beautiful Saint Pete Beach, where the ultimate coastal lifestyle meets incredible investment potential. This rare property features a two-bedroom, two-bathroom main home with 1, 312 square feet of bright and open living space, a private pool, and two detached cottages totaling 792 square feet. The main home is in perfect condition, with a roof that’s in excellent shape and no history of flooding, even during the 2024 hurricanes, allowing you to move in with peace of mind. Just steps from one of Florida’s most pristine beaches, you can enjoy morning walks along the shore and afternoons relaxing by your own pool oasis. The two backyard cottages, while in need of a full rehab after flood damage, have already had all remediation completed and are ready to be transformed into guest suites, short-term rentals, or multi-family income opportunities. With the potential to generate rental income while enjoying the property as your personal retreat, this home offers versatility that’s hard to find in such a prime location. Whether you’re searching for a dream beach home, a profitable investment, or both, 624 71st Ave is a rare opportunity you don’t want to miss
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Our Executive Mortgage Banker:
Our Insurance Division:
$850,999
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $680,799 | $680,799 | $680,799 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.110% | 6.097% |
| Monthly Tax Payment | $305 | $305 | $305 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,973 | $4,082 | $5,699 |
| Total Monthly Payment | $4,370 | $4,479 | $6,096 |
* 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.