599 S Bayshore Dr, Madeira Beach, FL, 33708 | $689,000

Under contract-accepting backup offers. Welcome home to this wonderful waterfront opportunity in Madeira Beach! This 50' wide, deep water, intracoastal waterfront lot is situated in a highly desirable location of Madeira Beach and allows QUICK BOATING ACCESS to Tampa Bay and the Gulf of Mexico via historic Johns Pass. Enjoy a beautiful sunrise from the backyard which faces East and overlooks the breathtaking intracoastal waters of Boca Ciega Bay. Fish (snook, redfish, trout and more), watch the dolphins and manatees, the famous Madeira Beach Christmas Boat Parade, and July 4th fireworks ALL FROM YOUR BACK YARD. Madeira Beach is part of the renowned Pinellas County Beaches with the sugary Gulf of Mexico sand and is conveniently located to shopping, dining, recreation, and more! South Bayshore Drive is tucked away with little “through” traffic and is a few minutes driving distance to Tom Stuart Causeway and the beach. The single-family home located on the property needs major renovations and may be considered a tear-down, so customize your new dream home with this ideal find! (The home was flooded during the storm on 9/26/2024 and may be unsafe. )

Features

  • Rooms: 7
  • Bedrooms: 2
  • Baths: 1 full / 1 half
  • Lot Size: 50 x 103
  • Laundry: In Garage
  • Year Built: 1948
  • Garage: 1-car Driveway
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,100
  • Acreage: 0.13
  • Lot Size: 50 x 103
  • Est. Taxes: $9,553
  • Lot Desc: Flood Insurance Required, FloodZone, In County, Level
  • View: Water
  • Elem. School: Orange Grove Elementary-PN
  • Middle School: Seminole Middle-PN
  • High School: Seminole High-PN
  • Pet Policy: Yes
  • Appliances: Other
  • MLS#: U8255643
  • Days on Market: 50 days
  • Website: https://www.raveis.com
    /prop/U8255643/599sbayshoredr_madeirabeach_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/9/2024 2:03:35 AM)
Listing courtesy of CHARLES RUTENBERG REALTY INC   Phone: 727-538-9200

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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599 S Bayshore Dr, Madeira Beach, FL, 33708

$689,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $551,200 $551,200 $551,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.875% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.551% 7.042% 6.160%
Monthly Tax Payment $796 $796 $796
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,667 $3,621 $4,648
Total Monthly Payment $4,555 $4,509 $5,536

* 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.