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. )
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:
$689,000
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 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.