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Presented by
Megan Northrop |
Turnkey Condo-Hotel Investment Opportunity on Award Winning Clearwater Beach. Nightly Rentals Allowed! Welcome to Pelican Pointe Hotel & Condo, a prime investment opportunity located directly across from world-famous Clearwater Beach & Opal Sands Resort. This fully furnished & NEWLY RENOVATED studio is actively rented, allows nightly rentals, and has a proven rental history with strong reviews on VRBO, making it an excellent income-producing investment. Owners may enjoy personal use up to 28 days per year with no blackout dates. The building has undergone major recent improvements, including a newly resurfaced pool (2025), new pool decking and filtration system (2025), impact windows, and the association is in the process of installing solar panels. Additional amenities include a year round heated pool, elevator, front desk and lobby, common laundry area, ice machine, resident lounge with TV, ping-pong, and on-site management options. The unit is equipped with a dehumidifier for added comfort and includes a parking pass (no assigned parking). The monthly association fee includes, electric, cable/internet, water, sewer, pest control, pool, A/C & heating, and insurance for common areas, providing simplified ownership and predictable expenses. Pelican Pointe has also invested heavily in storm mitigation, with six-foot flood barriers protecting building mechanicals, including the elevator, laundry, vents, and bathrooms for added peace of mind for years to come. Located just steps from the sugar-sand beach, Pier 60, Clearwater Marina, dining, shopping, and entertainment, this condo offers an exceptional opportunity for first-time or seasoned investors seeking a hands-off, short-term rental property in one of Florida’s most desirable beach destinations.
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:
$324,500
Sales Associate
William Raveis Real Estate
Phone: 203.671.3311
Megan.Northrop@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.274.0501
Gerry.OBrian@raveis.com
NMLS Mortgage Loan Originator ID 223191
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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 | $259,600 | $259,600 | $259,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.132% | 5.396% |
| Monthly Tax Payment | $371 | $371 | $371 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,434 | $1,555 | $2,070 |
| Total Monthly Payment | $1,880 | $2,001 | $2,516 |
* 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.