Welcome to 565 115th Ave, a captivating home located in the desirable Isle of Palms neighborhood of Treasure Island, FL. This charming property offers a blend of comfort, style, and incredible development opportunities, making it a standout choice for homeowners and investors alike.
Spanning 1, 665 square feet, this well-maintained home features three spacious bedrooms and two full bathrooms. The property boasts a newer roof and a recently installed HVAC system with a UV sterilizer and HEPA filter, ensuring a clean and comfortable indoor environment year-round.
One of the home’s truly unique features is its new seawall and a private dock equipped with an electric motor lift which can accommodate a 32-foot boat up to 10, 000 pounds. This makes the residence a dream come true for avid boaters, with easy access to Boca Ciega Bay.
The family room is a highlight, offering large picture windows that frame stunning views of the entire canal. These expansive vistas continue out to the captivating waters of Boca Ciega Bay, providing a serene backdrop for daily living and entertaining.
Situated less than a mile from the beach, the location of this home could not be more ideal. Residents can enjoy quick trips to sandy shores or partake in the rich tapestry of local amenities Treasure Island has to offer. From bustling markets and sand sculpture competitions to boat tours and kite flying, there’s always something to explore.
Additionally, the property has an extensive rental history and is eligible for a 1031 exchange, making it an excellent opportunity for those looking to invest. Adjacent to the home, a lot (575 115th Ave) is available for sale, presenting a rare chance for one-of-a-kind development projects in this sought-after area.
Whether you’re looking for a forever home with daily ocean vistas or an investment with exceptional potential, 565 115th Ave offers an unparalleled opportunity in Treasure Island. Don’t miss out on the chance to own this slice of paradise. Schedule your viewing today and step closer to the coastal lifestyle you’ve dreamed of.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,195,000
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 | $956,000 | $956,000 | $956,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.250% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.371% | 6.372% | 6.182% |
Monthly Tax Payment | $733 | $733 | $733 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,886 | $5,886 | $8,067 |
Total Monthly Payment | $6,744 | $6,744 | $8,925 |
* 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.