Welcome to 310 Magnolia, a luxury beach house offering a fantastic location on the coveted north end of Anna Maria Island. This home is only 2 blocks from the bustling shops and exquisite dining on Pine Ave. , and the beautiful beaches of the Gulf of Mexico.
This property is a rare find and can be used as either a single-family home or an investment duplex. It is a legal non-conforming duplex in an R-1 zone.
310 Magnolia sits on a large 7, 540 square foot property with a private oasis backyard featuring lush tropical landscaping, a heated lagoon shaped pool with spa and exterior shower.
This lovingly remodeled home offers a laid-back vacation vibe reminiscent of old Anna Maria. This ground level home offers 4 bedrooms and 3 full bathrooms (2 ensuites), which includes a private apartment having 1 large bedroom, 1 full bathroom, private kitchen and living room area.
This home is sold fully furnished with fresh inviting decor.
310 Magnolia is the perfect 2nd home or investment property with a great income rental history and future bookings in place. This home can be rented as either a single-family home or a duplex. You can also have the best of both worlds and rent the main house and keep the studio apartment for yourself!
There are many updates to this property which include a new metal roof 2022, all new impact windows in the main house, new air conditioner / furnace for the private studio, brand new bathrooms, new quartz kitchen counters, new plank floor tile, new furnishings, new stainless-steel appliances, new washer and dryer, fully repainted, LED lighting throughout and screened lanai. The property has professionally installed ground lighting and an irrigation system.
Property information received from third-party sources is considered reliable but is not guaranteed. All information should be independently verified by buyers and buyer's agent.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,145,000
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 | $1,716,000 | $1,716,000 | $1,716,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.375% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.799% | 6.486% | 6.956% |
Monthly Tax Payment | $1,555 | $1,555 | $1,555 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,417 | $10,706 | $15,185 |
Total Monthly Payment | $13,097 | $12,386 | $16,865 |
* 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.