Short Term Rental location. Welcome to your tropical getaway directly across from the beach. This furnished 5-bedroom, 4-bathroom, 3-story property feels more like a home than a condo. It has a tropical Florida backyard and has beach access directly across. It is in the short term rental zone, and accommodates large families, perfect for investors. The lower level 1st floor features a living/game room with pool table, and 60" television entertainment center, a queen sleeper sofa, full bath with walk-in shower, and private large outdoor covered patio that walks out to a designer pool. There is also a lockable owner's closet on this level. The double car garage features a Wi-Fi remote opener, and external keypad for guests, an extra refrigerator, and custom wall storage. All ocean and pool toys are included with the sale. An ocean-view is seen from the main level and features a spacious family room with a gas fireplace, pine flooring, and double door access to the ocean-view balcony. The kitchen includes stainless steel appliances, gas range, granite countertops, and custom cabinets. Round out the main floor with 2 large guest rooms, one with a queen bed, the other with dual twin beds. The large main floor bathroom is equipped with a walk-in shower and a separate bathtub with shower. The upper level features an over-sized primary bedroom with a king-sized bed, desk and exercise area, with access to another ocean-view balcony, and two large custom closets. The master ensuite features a dual sink vanity, jetted tub and walk-in shower with 2 shower heads. The upper level also includes the laundry room, two large bedrooms, one equipped with a queen bed and the other with dual bunk beds and a guest bathroom. The rear yard has a heated salt water pool with hot tub and pool slide and newer outdoor lighting. A Hayward pool automation system with Wi-Fi and remote control RayPak Professional series gas pool heater were installed in 2022. Rachio Wi_Fi automated irrigation system. A new hot water heater and two new A/C units installed 2021. Third newer A/C unit. The property is above flood plain, no flood insurance required! The roof is a 50-year asphalt tile. The property is a short 3-minute walk to Flagler Ave with many boutique shops and restaurants, perfect for short term rental! Being sold turnkey. Property is about a 30 minute drive to Daytona International Airport and about 65 minutes to Orlando International Airport.
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$1,925,000
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 | $1,540,000 | $1,540,000 | $1,540,000 |
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% | 6.864% | 6.810% |
Monthly Tax Payment | $1,237 | $1,237 | $1,237 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,861 | $9,988 | $13,521 |
Total Monthly Payment | $11,223 | $11,350 | $14,883 |
* 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.