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Welcome to this exceptional waterfront three-bedroom corner unit located on the second level of the highly sought-after Madeira Cove condominium. This residence offers abundant natural light, with impact-rated windows on three sides, including a unique bay window in the dining area, distinguishing it from interior units. Upon entry, a welcoming foyer leads to a hallway and spacious living areas, featuring attractive, durable bamboo flooring. The open-concept layout includes a combined living and dining room, alongside a kitchen with a breakfast bar that seamlessly connects to the main living space. Sliding doors from the living room open onto an expansive covered balcony, providing picturesque water views and frequent sightings of dolphins in the bay. The kitchen is equipped with ample maple wood cabinetry, granite countertops, a pantry, and an adjacent laundry closet with full-sized stackable washer and dryer. The split bedroom plan offers two generously sized bedrooms along the hallway, one with private access to the guest bathroom. The primary suite, situated at the rear of the unit, features sliding doors leading to the balcony and windows overlooking the water, all adorned with plantation shutters. The oversized balcony overlooks Boca Ciega Bay and accommodates both alfresco dining and lounge seating, ideal for enjoying the scenic views. Residents enjoy amenities including a sparkling heated pool and waterfront clubhouse, which houses restrooms, a fitness room, and a kitchen suitable for social events. The community also provides a waterfront grill and picnic area, as well as a covered wrap-around porch with bay views. Private boat slips at the community dock may become available for purchase or rental. Assigned parking beneath the building protects vehicles from the elements, while ample guest parking is available. Additional storage is provided with a closet adjacent to the parking space. Located within walking distance to the beach, residents have convenient access to the Gulf for leisure activities. Madeira Cove is a meticulously maintained, all-ages community managed by a proactive association.
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Our Executive Mortgage Banker:
Our Insurance Division:
$665,000
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
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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 | $532,000 | $532,000 | $532,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.407% | 6.577% | 5.986% |
| Monthly Tax Payment | $752 | $752 | $752 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,190 | $3,319 | $4,418 |
| Total Monthly Payment | $4,034 | $4,163 | $5,262 |
* 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.