ATTENTION BUYERS: Seller is willing to consider any & all Buyers' requests that are included in an offer. Here, where the soft white sand of vibrant Madeira Beach meets the warm waters of the Gulf of Mexico is the opportunity to realize the Best of The Beach Life! Shores of Madeira is a pet-friendly, mid-size condominium building comprised of only 48 units, ALL of which enjoy direct Gulf views! And… what spectacular views they are! This fully remodeled 2-bedroom, 2-bath corner unit, with wrap around balcony, has expansive views from both inside and out! The pictures do not tell the whole story! What they cannot convey is the sense of peace that hearing the surf from inside your home, or watching the sunset from your balcony evokes. Simply said: The Beach Life must be experienced to appreciate. Vacationing is one thing. Calling this home, is quite another! This can also be an in-demand, income producing vacation rental with minimum stay of thirty days. The floors are luxury vinyl plank, which is easy on the eyes and your tootsies, as well as perfect for the beach. The kitchen remodel cleverly maximized the space and ergonomic function of the kitchen. A full-sized laundry room is another advantage that is often omitted in even some of the most expensive buildings on our islands. Not so at Shores of Madeira! In fact, there is an abundance of closet and storage space. The well-managed building has completed its Structural Integrity Reserve Study (SIRS), the results of which are another boasting point! The secure building features an attractive lobby area and a beautifully remodeled ‘club room, ’ which opens onto the pool deck, for gatherings both indoors and out! The pool itself enjoys direct sun and yet has a spacious covered area, a fabulous feature not often present. There are BBQ grills, space to store beach toys and of course the main attraction, THE BEACH, is at your doorstep. Enjoy the soft, sugary sand of Madeira Beach. Frolic in the warm Gulf Waters. Walk to nearby restaurants; or hitch a ride with Free Beach Ride. John’s Pass and its’ plethora of entertainment, dining, and live music venues, as well as shopping opportunities are not just impressive, but fun and fabulous! Local Hint: We shop and dine here too! Added Bonus: There is a conveniently located covered parking space! Life is Good. Life at the Beach is Even Better!
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Our Executive Mortgage Banker:
Our Insurance Division:
$935,000
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 | $748,000 | $748,000 | $748,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.851% | 6.790% |
Monthly Tax Payment | $881 | $881 | $881 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,790 | $4,852 | $6,567 |
Total Monthly Payment | $5,763 | $5,825 | $7,540 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.