You can own a piece of the sand in Madeira Beach; the property line runs from Gulf Blvd to the Waters Edge. This townhome offers a unique blend of luxury, convenience, and coastal living. Situated on the beach side of Gulf Blvd, its prime location provides lovely beach views, sand, and incredible sunsets, making every day feel like a vacation.
Some of this home's many standout features are its NO HOA FEES, which save you $$$, garage tandem parking for two cars, and a rarity in beachside properties. This offers both convenience and security. The sizeable ground-floor beach room adds to the allure. It provides a versatile space for relaxation or entertaining, with direct access to an outdoor patio and beach access and the possibility of converting it into an in-law suite or rental. "Also, there are NO pet restrictions. " Bring your family pets!
This home is constructed with solid blocks and boasts durability and peace of mind. Upgrades such as a hurricane garage and front door, a new 4-ton Daikin AC/heat pump, a metal roof with 20 years of life, and double-pane windows ensure comfort and safety year-round.
The home offers two wood-burning fireplaces, luxury vinyl flooring, plantation window coverings, and upgraded appliances. The second floor features an open layout encompassing the kitchen, dining, and family room, which is perfect for gatherings and enjoying coastal views from the outside deck area. This floor's spacious office/third bedroom offers versatility and a full three-piece Jack & Jill bathroom.
The top floor is dedicated to relaxation. It features a large primary bedroom with vaulted ceilings, a wood-burning fireplace, and an outdoor deck with great sunset views. The primary bath boasts a soaking tub, a separate shower, and a double-sink vanity. This room also offers a large walk-in closet and an entire wall-to-wall closet, which provides plenty of closet space. Then, we have a laundry area and a third bedroom with a private three-piece bath and a wall-to-wall closet to complete the floor.
With flood insurance at $650 a year and NO HOA fees, this home offers significant savings compared to other properties in the area. The $5, 400 annual homeowners insurance further enhances the value proposition of this townhome. In addition to its many attractive features, this property presents an exciting income opportunity through rentals. With the ability to rent for as little as *** 30 days minimum or long term with NO waiting period, you can start generating substantial income.
Based on current market conditions and demand, this property has the potential to generate between $65, 000 and $85, 000 in rental income annually. This additional income stream adds to the property's appeal, making it a desirable primary family residence or an excellent full-time or part-time investment opportunity.
Don't miss the opportunity to experience this coastal living townhome. Schedule your private showing today and discover this home's unparalleled lifestyle!
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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 | $1,119,600 | $1,119,600 | $1,119,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.128% | 7.061% |
Monthly Tax Payment | $500 | $500 | $500 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,543 | $7,449 | $9,985 |
Total Monthly Payment | $8,168 | $8,074 | $10,610 |
* 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.