|
This exceptional income-producing property has consistently generated over $80, 000 annually in rental revenue, even though the storms impacted the last two years, owner occupancy and already has solid reservations in place for the coming year. It offers an outstanding opportunity for both personal enjoyment and investment.
The residence is a beautifully updated, 1, 440 sq. ft. , turnkey unit on the lower first floor —perfectly positioned to provide the sensation of being right on the sand while benefiting from a secure elevation. Notably, the condo sustained no flood damage during recent storms. Lovingly updated and maintained, the unit shows like new.
Upon entering, you are immediately drawn toward the expansive 25-foot balcony, accessible from both the main living area and the primary bedroom, showcasing stunning panoramic Gulf views. The spacious open-concept living, dining, and kitchen areas feature continuous luxury vinyl flooring that ties the entire unit together. The expansive living room can easily accommodate larger gatherings, creating an inviting space for family and guests to relax. The dining area includes seating for six indoors, with additional dining space along the kitchen bar.
The modern updated kitchen is appointed with wood cabinetry, laminate countertops, and bar seating, stainless steel appliances, and unobstructed water views.
The primary suite is a standout feature, offering a king-size bed, direct living room access and an elegant en-suite bathroom with a granite double vanity, and an updated tub/shower with upscale tile work.
The second en-suite bedroom includes a 2 queen beds, along with a walk-in closet and a beautifully finished bathroom featuring a granite double vanity, tub/shower combination, and a secondary entrance that also serves the third bedroom, which offers a queen bed and ample closet space.
Additional conveniences include a large in-unit laundry room with abundant storage and two dedicated covered parking spaces located directly beneath the unit. A/C and water heater less than two years old. This property includes two deeded covered side by side parking spaces.
The property is ideally situated close to nearby restaurants, shops, and local attractions—making it highly appealing for both owners and vacation renters.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,195,000
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $956,000 | $956,000 | $956,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.353% | 6.121% | 6.038% |
| Monthly Tax Payment | $1,233 | $1,233 | $1,233 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,503 | $5,732 | $8,003 |
| Total Monthly Payment | $6,861 | $7,090 | $9,361 |
* 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.