550 W Flamingo DRIVE, #304, Venice, FL, 34285 | $1,648,000

Direct gulf views from your oversized balcony, living room and primary bedroom!! A WOW factor for these breath taking gulf views!! Currently the only unit for sale at Island Shores. This is a very unique complex of only 32 units located on a cul-de-sac directly on the Gulf of Mexico, on the Island of Venice. This 3 bedroom unit with 2 baths has been updated by current owners. $260, 000 was spent for the upgrades. This hidden gem has many features, remote control garages, one parking spot per unit owner, but has under the building additional parking for you additional car or guest parking, outdoor parking spaces for guests are also available. The lush tropical oasis awaits you when you enter the complex. Beautiful landscaping a direct beach front access with coded gate to gain access. The clubhouse is elegant and nicley furnished with living/dining room areas and a full kitchen for your lifestyle parties! This is the only complex that feaures a guest suite for additional visitors, small exercise room is perfect for a workout. The pool area features shaded areas and umbrellas and areas to enjoy, an outside shower after your swim or walk on the beach. The community features a outdoor grilling area for those who want to entertain in the pool area. This complex hs recently invested in a new elevator and a new generator! It also has a state of the art FOB system for entry into the building and garages, The building has been meticulous maintained over the years. The outdoor walkway to each floor features brick pavers throughout. This 3 bedroom unit with 2 baths has been updated since ownership of the unit. The split floor plan offers privacy for visiting guests. The covered balcony is oversized and gives the extra square footage for outdoor living space. Small pets welcomed and for your peace of mind there are no rentals allowed at Island Shores.

Features

  • Elevator: Y
  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 6
  • Amenities: Fitness Center, Lobby Key Required, Maintenance, Pool, Recreation Facilities, Security, Vehicle Restrictions
  • Rooms: 8
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
  • Complex: ISLAND SHORES
  • Year Built: 1987
  • Approx Sq. Feet: 2,274
  • Est. Taxes: $8,677
  • View: Water
  • Elem. School: Venice Elementary
  • Middle School: Venice Area Middle
  • High School: Venice Senior High
  • Pet Policy: Dogs OK
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • MLS#: A4624066
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/A4624066/550wflamingodrive_venice_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 11/13/2024 8:35:32 PM)
Listing courtesy of KELLER WILLIAMS ISLAND LIFE REAL ESTATE   Phone: 941-254-6467

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NMLS Mortgage Loan Originator ID 16953

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550 W Flamingo DRIVE, #304, Venice, FL, 34285

$1,648,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,318,400 $1,318,400 $1,318,400
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.250% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.321% 6.360% 6.956%
Monthly Tax Payment $723 $723 $723
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,551 $8,118 $11,667
Total Monthly Payment $9,399 $8,966 $12,515

* 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.