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Presented by
Team Lee |
Under contract-accepting backup offers. Back on the market--no fault of the seller or property! Discover Your Ideal Beachside Retreat! This exceptional Key West-style estate features not one, but two beautifully remodeled residences situated on a prime corner lot--just one block from the river and two blocks from the ocean. A rare opportunity, this property seamlessly blends coastal charm, modern upgrades, and versatile living options. Main Residence: The front home offers 2 spacious bedrooms and 2 elegantly updated bathrooms, along with a warm and inviting living room. The fully renovated kitchen flows effortlessly into the dining area, creating a perfect space for entertaining. Rich hardwood flooring runs throughout, and the home has been meticulously maintained, making it truly move-in ready. An attached single-car garage has been extended for additional storage and includes a dedicated utility room with built-in shelving. Guest Residence: Equally impressive, the rear home features a 2-car air-conditioned garage, separate laundry room, and a flexible exercise or bonus space on the ground level. Upstairs, you'll find a charming 1-bedroom residence complete with a full kitchen, dining area, spacious living room, and a beautifully tiled bathroom. Step out onto the upper-level deck to enjoy peaceful Intracoastal views.
Outdoor Living at Its Best:
Between the two homes lies a sparkling in-ground pool with a unique built-in seating area, surrounded by a pavered deck ideal for relaxing or entertaining. An elevated wood deck provides a shaded retreat, complete with additional seating. The oversized pavered driveways accommodate up to 10 vehicles, with ample room for a boat or RV. Lush tropical landscaping, including palms and flowering plants, enhances the property's curb appeal, complemented by decorative rock beds.
Zoning & Investment Potential:
Zoned for multi-family use, this property offers excellent rental potential, with a minimum 30-day lease requirement per county regulations.
Recent Upgrades Include:
New roofs (2021)
Updated A/C systems and water heaters
Fresh interior and exterior paint
New soffits and rain gutters
Impact-rated exterior doors (rear)
New pool heater/chiller and variable-speed pump
Sprinkler pump, washer, refrigerator, and more
Custom impact-rated hurricane shutters and panels
Additional Details:
This agent-owned property is shown by appointment only. The upstairs apartment is currently tenant-occupied long-term, and the tenant would like to remain. All buyers must be pre-qualified with a lender or provide proof of funds prior to scheduling a showing. No "house to sell contingency" offers will be considered. Cash or Conventional Financing only.
A truly unique and versatile coastal property--don't miss this rare opportunity!
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Our Executive Mortgage Banker:
Our Insurance Division:
$597,000
Sales Associates
William Raveis Real Estate
Phone: 860.213.2853
TeamLee@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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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 | $477,600 | $477,600 | $477,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | $597 | $597 | $597 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,749 | $3,058 | $3,966 |
| Total Monthly Payment | $3,438 | $3,747 | $4,655 |
* 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.