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Welcome to Unit 704 at 440 West Condominiums - an exceptional Gulf-front residence offering panoramic views, meaningful interior upgrades, and a rare financial advantage not commonly available in the building.
This 2-bedroom, 2-bath fully furnished and turnkey condominium features an open, light-filled floor plan that extends to a private balcony overlooking the pool and the Gulf. The primary suite offers a private entrance and generous closet space, creating a comfortable separation from the main living areas. Interior updates include remote controlled electric shades on the sliders, crown molding, updated kitchen and bathrooms, and newer appliances including washer, dryer, and refrigerator. The HVAC system was replaced in 2020, and the water heater in 2018.
What sets this opportunity apart is a unique financial benefit. The seller is paying all current special assessments, including those extending for multiple years into the future. The seller has also paid for a portion of the impact-rated sliders and, with an acceptable offer, will satisfy the remaining balance. This is the only unit currently offering this level of financial consideration, an estimated value of $50-$60K resulting in $1, 391 as your only monthly maintenance fee, creating a meaningful distinction for buyers comparing options within the building.
440 West is undergoing a comprehensive transformation designed to modernize the property and enhance long-term value. Improvements include new balcony railings, a refreshed exterior with a clean, contemporary finish, updated entry and security systems, a new elevated gas-powered generator, and infrastructure upgrades supporting life safety systems. The seawall has been raised, and common areas are being redesigned to include an updated lobby and entrance, expanded fitness center with sauna, community and event spaces, billiards and lounge areas, co-working and conference areas, secure package rooms, and upgraded finishes throughout. Once this transformation is complete, 440 West Condominiums will again be the talk of the town!
Residents enjoy 24-hour security, a heated pool and updated pool deck, and a prime beachfront location. This property is a few steps away from the soft sugar sands of Clearwater Beach and close to bars, restaurants, shopping, water sports, boat rides, deep sea fishing and the famous Pier 60 which is home to the Pier 60 Sunset Festival. The association allows minimum one-month rentals, offering flexibility for both personal use and potential income.
With major building improvements underway and a seller-paid assessment structure that may not be replicated in other available units, this property presents a compelling opportunity for buyers seeking both lifestyle and long-term value.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
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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 | $471,200 | $471,200 | $471,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $754 | $754 | $754 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,901 | $2,975 | $3,913 |
| Total Monthly Payment | $3,747 | $3,821 | $4,759 |
* 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.