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Prime Showcase: Exceptional Madeira Beach Condo-Hotel Opportunity.
An outstanding opportunity to own a high-performing, turnkey condo-hotel residence located in the heart of Madeira Beach. Built in 2020, this 6th-floor unit generates strong rental income and provides an unbeatable coastal lifestyle. Situated just across from the Gulf of Mexico and adjacent to John’s Pass Village & Boardwalk, it offers the best water views in the area.
Interior Features:
Features a bright, open layout with modern finishes and is tastefully furnished throughout. Highlights include granite countertops, stainless steel appliances, an in-unit washer and dryer, a dedicated owner’s closet, and a private waterfront balcony. The spacious primary bedroom with expansive water views, while a bonus room with bunk beds is perfect for accommodating additional guests.
Community Amenities:
• Heated, newly remodeled pool and spa
• Fitness room
• Under-building parking
• Pet-friendly community
Remarkably low monthly condo fee of $670 covers cable, internet, building insurance, association reserves, on-site management, exterior and grounds maintenance, and pool service. Madeira Bay Resort 1 Condo represents the best value in Madeira Beach.
Showings are available between guest check-ins, and vacation bookings are filling up quickly, with many repeat vacationers. “Stay and Play, then let it pay” "Pet friendly, adding to its appeal. "
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:
$667,000
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 | $533,600 | $533,600 | $533,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.398% | 5.614% |
| Monthly Tax Payment | $642 | $642 | $642 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,156 | $3,285 | $4,325 |
| Total Monthly Payment | $3,890 | $4,019 | $5,059 |
* 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.