Introducing a prime redevelopment opportunity on Anna Maria Island, this duplex property, located just one block from the beach and near the Island Shopping Center, offers an exceptional location for a new vision. Comprising two ground-floor units, the property is ideally situated near dining and shopping, providing easy access to most anything you would need. The spacious backyards feature large decks and outdoor showers, perfect for creating a stunning coastal oasis. The property is just steps from the free Island trolley, ensuring future residents can effortlessly explore the island's diverse dining options, boutique shops, and cultural attractions. This duplex presents an unparalleled opportunity for investors looking to capitalize on the thriving vacation rental market or for those seeking to build a custom coastal retreat. Located in a sought-after neighborhood, the property is a blank canvas ready for transformation, offering the chance to create a dream home or lucrative rental units in one of Florida's most coveted beach communities. With its prime location and vast potential, this property is truly a gem waiting to be discovered.
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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 | $799,600 | $799,600 | $799,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $1,002 | $1,002 | $1,002 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,120 | $5,120 | $7,020 |
Total Monthly Payment | $6,214 | $6,214 | $8,114 |
* 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.