MONEY MAKING OPPORTUNITY IN THIS STUNNING GEM WITH THE BEST VIEWS FROM THE ITS TOP FLOOR CENTER LOCATION IN THE BUILDING. WHETHER IT IS YOUR GUESTS MARVELING AT THE SUNSETS FROM THE HUGE BALCONY OR YOU ARE ENJOYING IT FOR YOURSELF, DON'T LET THIS OPPURTUNITY TO OWN A POSITIVE CASHFLOW PROPERTY PASS YOU BY. This gem of St. Petersburg in this top-floor condo with breathtaking views of Boca Ciega Bay. Turnkey ready offering 1 bedroom and 1 bath, along with covered parking and a spacious balcony, perfect for sipping on cool drink and watching dolphins and manatees. The generously sized west-facing balcony not only provides incredible views but also offers stunning sunsets. Upon entering, you'll be impressed by the open floor concept, with unparalleled wide water views from your living room leading to the balcony.
The living and dining room area features raised ceilings, tile flooring throughout, and opens to the kitchen with granite counters and beautiful cabinets. Your washer and dryer are conveniently tucked away. The large bedroom boasts beautiful plank flooring, large double door closet, and the bathroom includes a tub/shower combo and a vanity with granite countertop. A deeded covered parking spot on the ground floor ensures a dry journey to the elevator. Currently utilized as an Airbnb, this unit presents a lucrative opportunity and generating positive cash flow with immediate rentals booked well in advance. Long or short-term rentals are permitted with no waiting period.
The complex offers ample guest parking, a heated pool and spa, a small gym, and strategically placed BBQ grills away from the weather. Additional amenities include bike and kayak storage, along with a well-maintained fishing pier. Pet-friendly and just a short drive from beaches, shopping, restaurants, boat ramps, and airports. The Pinellas Trail, conveniently located across the street, provides easy access to the charming town of St. Petersburg, renowned for its additional shopping, restaurants, vibrant nightlife, and thriving art scene.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$399,999
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $319,999 | $319,999 | $319,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 5.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.398% | 6.285% | 5.510% |
Monthly Tax Payment | $367 | $367 | $367 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,944 | $1,944 | $2,572 |
Total Monthly Payment | $2,386 | $2,386 | $3,014 |
* 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.