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Lowest-priced opportunity in the area for a fast sale. Cash or renovation loan only. Just two blocks from world-famous Clearwater Beach, repeatedly ranked among the top beaches in the U. S. by Tripadvisor, this property offers a rare opportunity in one of Florida’s most desirable coastal locations. The existing home is ready for renovation and ideal for buyers looking to restore, modernize, or create a custom beach retreat. Multiple plan options are available, and an experienced builder is ready to move the project forward.
For investors and builders, the lot also presents exceptional potential to design and construct a new luxury residence in a high-demand market surrounded by multimillion-dollar homes, vacation appeal, and year-round coastal lifestyle demand. Minimum rental period is 30 days, creating excellent flexibility for seasonal, executive, or extended-stay rental income. Enjoy some of Florida’s most beautiful Gulf Coast sunsets just moments away.
Enjoy close proximity to sugar-sand beaches, restaurants, marinas, shopping, and entertainment, while being tucked into a sought-after residential area. Whether you choose to renovate or build new, opportunities this close to Clearwater Beach are increasingly hard to find.
Property was impacted by prior flooding and is being offered in its current condition. Seller and listing broker make no representations regarding the property’s condition and are not responsible for any concerns arising during showings or walk-throughs.
From the Clearwater Memorial Causeway / Clearwater Beach Bridge, continue west onto Clearwater Beach. At the traffic circle, continue north onto Mandalay Ave. Proceed north on Mandalay Ave, then turn onto Bruce Ave, which runs parallel to Mandalay Ave in the north beach residential area.
Bring your vision and unlock the full potential of this prime beachside property.
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Our Executive Mortgage Banker:
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$595,000
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 | $476,000 | $476,000 | $476,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $828 | $828 | $828 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,851 | $3,006 | $3,953 |
| Total Monthly Payment | $3,771 | $3,926 | $4,873 |
* 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.