***PRICE IMPROVEMENT***
***SELLER FINANCING TERMS NOW AVAILABLE FOR QUALIFIED BUYERS***
Exquisite Gulf Coast Retreat with Stunning Rooftop Views. Welcome to a meticulously renovated gem nestled in the heart of Florida's thriving Gulf Coast community!
This extraordinary property has been transformed to maximize revenue potential and guest satisfaction, offering a seamless turn-key investment opportunity. Projected annual occupancy for this sparkling new residence is expected to near 80% (pro-forma is conservatively estimated @ 70%) with no rental restrictions, optimizing income potential benefits from a rare, grandfathered zoning for overnight accommodations, maximizing income potential and returning guest occupancy. Projections have been carefully & conservatively estimated in partnership with management company, available upon request.
PROFORMA AVAILABLE ON REQUEST.
This property is poised to deliver exceptional returns Day 1 with minimal upkeep expenses, making it an ideal investment opportunity in a highly sought-after location. Step inside to discover bespoke layouts and furnishings, highlighted by a captivating spiral staircase leading to a 400 sq ft. rooftop deck with breathtaking 360-degree views of the surrounding area.
Major nearby development projects & tourist attractions strengthen the potential for both short and long-term appreciation; chiefly the recently approved $6. 5 billion Downtown St. Pete project (the largest in Tampa Bay's history) which includes 8 million sq. ft. of mixed-use space and $1. 3 billion Tampa Bay Rays stadium as its centerpiece.
No detail has been spared in the revitalization of this property, featuring brand-new HVAC systems, a TPO membrane roof, PVC plumbing, hurricane impact windows, sound-dampening drywall and flooring, upgraded electrical systems, refreshed exterior stucco/paint, and meticulously manicured landscaping with irrigation. Constructed with solid block materials resistant to humidity, water, and salt air, this property ensures low-maintenance durability.
Boasting four exquisite 582 sq. ft. , 1-bedroom / 1-bathroom units, each accommodating up to 4 guests comfortably, with interconnected doorways for added flexibility. Conveniently located across from public beach access, enhanced with newly installed city crosswalks for safety and convenience. The sale includes all luxury fixtures, furnishings, and guest amenities showcased in the photos, ensuring a smooth transition for the new owner.
Enjoy easy access to major highways, making vibrant cities like Tampa, Sarasota, and Orlando just a 90-minute drive away. Explore St. Petersburg’s vibrant downtown area, only 15 minutes from your doorstep, offering exceptional shopping, dining, and entertainment options. Indulge in St. Pete Beach's world-renowned soft, silky sand beaches just moments away. Don't miss out—schedule your private tour today!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$2,799,000
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 | $2,239,200 | $2,239,200 | $2,239,200 |
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 | $950 | $950 | $950 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,338 | $14,523 | $19,660 |
Total Monthly Payment | $15,413 | $15,598 | $20,735 |
* 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.