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Presented by
Lisa Sweeney & Team - Lisa Sweeney |
STEPS AWAY FROM BEACH ACCESS!! INCOME PRODUCING Welcome to your own slice of paradise at Royal Orleans in the heart of North Redington Beach! Unit 113 is a beautifully updated studio condo that perfectly captures the relaxed coastal lifestyle just steps from the sugar sand beaches of the Gulf of Mexico. Whether you are looking for a beach getaway, investment property, or income-producing vacation rental, this charming retreat checks every box. This turnkey studio is filled with coastal character and thoughtful upgrades throughout. The open living space features beach-inspired décor, textured designer walls, updated lighting, and a stylish kitchenette complete with retro appliances, custom cabinetry, tile backsplash, and functional prep space. The renovated bathroom offers a walk-in tiled shower with coastal finishes and an updated vanity creating a spa-like beach retreat feel. Royal Orleans is a sought-after vacation destination offering a resort-style heated pool, tropical courtyard, grilling areas, on-site laundry, and assigned parking. Located directly across from the beach access, owners and guests can enjoy stunning Gulf sunsets within moments. Restaurants, beach bars, shopping, and entertainment are all nearby making this an ideal location for visitors year-round. This unit has an excellent rental history with a full year of strong income production, making it an incredible opportunity for investors seeking immediate cash flow and future bookings. Short-term rentals are allowed, and the property is highly desirable for vacationers looking for the perfect beach escape. Live the beach life full time or capitalize on the thriving vacation rental market in North Redington Beach — Unit 113 is ready to start generating memories and income from day one!
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:
$299,999
Luxury Properties Specialist
William Raveis Real Estate
Phone: 860.558.7606
Lisa.Sweeney@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.463.1745
Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
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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 | $239,999 | $239,999 | $239,999 |
| 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 | $147 | $147 | $147 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,478 | $1,515 | $1,993 |
| Total Monthly Payment | $1,700 | $1,737 | $2,215 |
* 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.