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Terrific opportunity for this one bedroom/hotel villa at the TradeWinds Island Resorts on beautiful St. Pete Beach! Combining personal enjoyment with proven investment potential, this one bedroom villa is NOT A TIMESHARE, it is a condo you own, offering owners up to 28 days of annual use and also generates income to cover ownership costs through a decades long well-established resort rental program. Completely turnkey, maintained & decorated, with daily housekeeping and all the benefits of a hotel. . and you get paid monthly, truly effortless ownership! Gorgeous sunsets, beach and tranquil tropical grounds at this hidden gem of a property!
Set along 1, 600 feet of sugar-sand Gulf frontage amongst 40 tropical acres, this world-recognized destination blends classic Old Florida charm with modern amenities and entertainment. Enjoy resort features, including 9 swimming pools, 15 restaurants/dining venues, spa, fitness center, pickleball courts, family activity areas, beach adventures, cabanas and vibrant entertainment on the property, including Rumfish restaurant & amenities.
Known as a premier destination for weddings, conventions, family vacations, and Florida resort living, this tropical paradise offers an effortless ownership experience with added owner benefits similar to a club membership (great for locals) includes discounts on food, beverages, and resort activities, along with potential tax advantages associated with ownership, as a 1031 exchange or a self-directed IRA!
Whether you’re seeking a relaxing beachfront retreat, an income-producing investment, or the perfect balance of both, this villa presents a rare opportunity to own at one of Florida’s most celebrated resort destinations & UNIT 6241 next door is also available, a one bedroom/living room, kitchen & balcony villa which can be purchased with flexibility to expand as a 2 bedroom/2bath for special reunions and more rental income! A fantastic place to escape, unwind, and embrace the beach lifestyle. . . JUST LET GO!
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Our Executive Mortgage Banker:
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$275,000
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 | $220,000 | $220,000 | $220,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.524% | 5.846% |
| Monthly Tax Payment | $339 | $339 | $339 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,301 | $1,373 | $1,812 |
| Total Monthly Payment | $1,715 | $1,787 | $2,226 |
* 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.