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Located in highly desirable Sunny Shores, only TWO miles from the beautiful sandy beaches and one of the area's rarest communities offering no rental restrictions, no age restrictions, and no lot rent. This affordable coastal property provides a unique opportunity to own near the beach without the typical costs and limitations. Currently operating as a successful, income-producing vacation rental, this established Airbnb has the potential to help pay for itself while allowing you to enjoy the Florida lifestyle. Walk, bike, or take your golf cart to beautiful Anna Maria Island and experience island living at a fraction of island prices. The neighboring property may also be available for purchase, creating a rare opportunity to live in one home and rent the other. This move-in-ready home was extensively remodeled by the current owners and has been meticulously maintained. Mature palms and tropical landscaping provide both privacy and additional protection from coastal weather. Best of all, you own both the home and the land, eliminating costly lot rent. There are no association fees, although an optional annual clubhouse membership is available. Access to boat launch too! Low property taxes and utility costs further enhance the home's affordability. Conveniently located just a couple of blocks from Palma Sola Bay and the county park, you'll have easy access to kayaking, fishing, boating, nature trails, and stunning sunsets. The home features one bedroom with second bedroom option and one bathroom with a walk-in shower, along with two new energy-efficient mini-split heating and cooling systems for year-round comfort. The enclosed lanai provides valuable additional living space and includes a laundry room, with potential for further conversion or customization. Outside, you'll find two dedicated parking spaces, including one under the carport and one in front of the home. A private rear patio offers the perfect place to relax after a day at the beach and includes an outdoor shower area, garden hose, and storage shed. Whether you're seeking a full-time residence, vacation getaway, or proven income-producing investment, this property delivers an exceptional combination of affordability, flexibility, and coastal convenience.
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Our Executive Mortgage Banker:
Our Insurance Division:
$175,000
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 | $140,000 | $140,000 | $140,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.972% |
| Monthly Tax Payment | $115 | $115 | $115 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $851 | $884 | $1,163 |
| Total Monthly Payment | $1,041 | $1,074 | $1,353 |
* 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.