310 Magnolia AVENUE, Anna Maria, FL, 34216 | $2,145,000

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.

Features

  • Rooms: 9
  • Bedrooms: 4
  • Baths: 3 full
  • Laundry: Inside
  • Style: Florida, Ranch
  • Year Built: 1973
  • Garage: Driveway, Open
  • Heating: Central, Electric, Heat Pump
  • Cooling: Central Air
  • Approx Sq. Feet: 1,793
  • Acreage: 0.17
  • Est. Taxes: $18,659
  • Lot Desc: Flood Insurance Required, FloodZone, City Lot, Landscaped, Level
  • Adult Communities: Yes
  • Pool: Gunite, Heated, In Ground
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4577396
  • Days on Market: 292 days
  • Website: https://www.raveis.com
    /eprop/A4577396/310magnoliaavenue_annamaria_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 6/13/2024 1:47:08 PM)
Listing courtesy of SALTY MERMAID REAL ESTATE LLC   Phone: 941-224-3304

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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310 Magnolia AVENUE, Anna Maria, FL, 34216

$2,145,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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.