Welcome to the esteemed Glen Echo Lake Home, a captivating example of Mid-Century Modern architecture nestled in the heart of St. Pete's rich history. Originally envisioned and crafted by the renowned artist Philip Jenkins and his wife Jean in the late 1950s, this residence stands as a testament to their creative vision.
In the early 1960s, the property found new stewardship under the McCarthy Family, distinguished members of the St. Pete community who were known for their popular restaurant at the Carlton Towers in downtown St Pete. Infusing the home with their distinctive flair, they embarked on a transformation that resulted in its iconic Jungle Themed Atomic Retro aesthetic—a true reflection of their creative vision. The McCarthy Family have now decided to list this amazing piece of St Pete history.
5034 28th Ave is remarkable from its Pink Terrazzo Floors to its Beautiful Natural Foliage. This residence not only enjoys a prime location with convenient access to both downtown and the beach but also sprawls across an impressive 1. 76 acres. NOT IN A FLOOD ZONE The property's private spring-fed lake is a massive added bonus! There is nearly 470 feet of lake frontage, offering serene vistas and endless possibilities. With ample space behind the home, there's potential for further expansion and development, making it an exciting opportunity for more creative vision.
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Our Executive Mortgage Banker:
Our Insurance Division:
$899,000
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
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $452 | $452 | $452 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,605 | $4,665 | $6,315 |
Total Monthly Payment | $5,149 | $5,209 | $6,859 |
* 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.