Recently renovated and professionally furnished, this turn-key Gulf View condo is conveniently located right across the street from the public beach. On the 3rd floor of the 757 Crescent Royale Condominium building, this unit features a stunning view, a separate locked storage unit for beach items, a dedicated covered parking space and is close to the elevator and laundry room. It's perfect for a vacation get-away but also offers a great investment opportunity and has a long, short-term, vacation-rental history.
Use the excellent, on-site rental management team for effortless generation of income or manage yourself with VRBO. The 7-day minimum rental policy, allows the unit to maximize rentals in season or off. Gross rents for 2022 were $46, 224. Gross Rents for 2023 were $39, 301. The unit is already rented October 11-17 and November 2-December 15 for the remainder of 2024. January 11-February 8, February 15-April 12, and April 16-May 3 of 2025 are also booked for guests. Start making a return on your investment immediately!
The kitchen features solid hardwood natural cherry kitchen cabinets with stainless steel appliances and granite countertops. Modern style solid cherry and walnut furniture is featured in the dining, living and bedroom areas. The bathroom features solid cherry cabinets, granite countertops with tiled shower stall with sliding glass doors. The unit has crown molding and the original pop-corn ceiling was removed and replaced in 2011. Hot water heater was replaced in 2021.
This unit is furnished with a king bed that features storage drawers for extra space and a queen plus American Leather Comfort Sleeper sofa that actually provides a comfortable night's sleep for guests. Sleeps 4.
The Crescent Royale Condominiums have a gated entry, large heated swimming pool, rec room, exercise room, shuffleboard and grill area.
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William Raveis Mortgage, LLC
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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 | $612,000 | $612,000 | $612,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $495 | $495 | $495 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,719 | $3,719 | $4,836 |
Total Monthly Payment | $4,306 | $4,306 | $5,423 |
* 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.