Charming Island Retreat on the East Side of A1A
Discover the perfect blend of comfort and flexibility with this stunning island home located just 100 steps from the main Crescent Beach entrance. This delightful property offers a lifestyle of relaxation and convenience, making it an ideal choice for both permanent residence and short-term vacation rental.
Key Features:
Inviting Front Porch: Begin or end your day on the rocking chair-ready front porch, a charming spot to enjoy the coastal breeze.
Open Living Space: Step inside to an open and airy living area that seamlessly flows into the dining room and dream kitchen, featuring shaker cabinetry, quartz countertops, and a stainless steel appliance package that will inspire any chef.
Outdoor Enjoyment: The back patio is perfect for soaking up the Florida sun or hosting outdoor gatherings. Upper-Level Retreat: Upstairs, you'll find an expansive en-suite primary bedroom, two guest bedrooms, an office, and a guest bathroom, providing ample space for family and guests.
Ample Storage: The garage offers plenty of storage space for all your beach toys and more.
Prime Location: Just minutes from I-95 and downtown Saint Augustine, this home offers easy access to local attractions and amenities.
Investment Opportunity:
This home is not only a serene retreat but also a lucrative investment opportunity. Similar properties on the west side of A1A are generating 75, 000 to 90, 000+ annually in rental income. With the seller offering a 1% mortgage rate buy down, this fully furnished home is ready to welcome its new owners.
Don't miss the chance to own this versatile island home that promises both relaxation and potential income. Contact us today to schedule a viewing!
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$1,100,000
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 | $880,000 | $880,000 | $880,000 |
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 | $808 | $808 | $808 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,635 | $5,635 | $7,726 |
Total Monthly Payment | $6,568 | $6,568 | $8,659 |
* 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.