***Incredible Investment Opportunity in this luxurious Clearwater Beach Condo Hotel*** Very rarely available on the MLS***
This newly renovated Condo-Hotel is now available at the beautiful 4-Diamond Sandpearl Resort! Rare and unique business opportunity to own this wonderful investment property situated directly on the sugary white sands of Clearwater Beach! Expansive 1 bedroom/1 bath Suite with two separate balconies where you can enjoy panoramic views of the city and the bay complete with morning sunrises. This fully-furnished property has been beautifully updated and is well appointed with fine features and finishes throughout. (A complete list of Features and Finishes is available upon request). Vacation life awaits with two on-site fabulous dining options, a full-service Spa for all your pampering needs, a gorgeous lagoon style pool and jacuzzi with plenty of lounge chairs and poolside cabanas overlooking the Gulf of Mexico, Fitness Center, a Kids Club room, Meeting rooms, and daily activities for all ages! As an Owner, you have 35 days per year to use the condo for personal leisure, depending on the time of the year. Rentals for the remaining days of the year are then handled by Sandpearl's seasoned management team. The Sandpearl is within walking distance to everything on Clearwater Beach and an easy commute to Tampa and St. Petersburg. Pets are allowed with certain restrictions and fees. Don't wait to make this investment- Call today for your private showing! *This condo is part of the rental pool at the hotel with three years remaining in the rental pool. (Additional information on rules, regulations and financials available through Listing Agent).
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Our Executive Mortgage Banker:
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$1,579,000
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 | $1,263,200 | $1,263,200 | $1,263,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 6.246% | 6.201% |
Monthly Tax Payment | $895 | $895 | $895 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,675 | $7,675 | $10,660 |
Total Monthly Payment | $8,695 | $8,695 | $11,680 |
* 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.