Boaters and Beach Enthusiasts Rejoice! Waterfront Condo on the Gulf with dock on intracoastal waterway!
This 3-bedroom/3-bathroom Gulf Front Condominium, spanning 1672 Sq Ft, offers stunning views that will take your breath away. Unwind in this tranquil beach retreat located in a cozy building with just 10 units. Piper's III boasts low condo fees and allows weekly rentals in a prime spot within Indian Shores, offering beautiful water views east and west. Owners can enjoy a first-come, first-serve dock on the Intracoastal Waterway. Recently, in 2023, Hurricane Rated Sliding Glass Doors were installed. The interior layout includes two master bedroom en-suites, each with a full bath, and a third bedroom that can double as an office or den. Live by the water with direct beach access and a first-come, first-serve boat dock on the Intracoastal Waterway. Revel in panoramic views of the beach and the Gulf of Mexico from the unit. The well-equipped chef's kitchen, featuring granite counters and wood cabinetry, is perfect for cooking adventures and casual dining. This unit offers a great investment opportunity as the homeowners association permits weekly rentals. It comes fully furnished with two designated parking spaces and a ground-level storage unit. Conveniently located, this property provides easy access to a variety of attractions in Pinellas County, including Downtown St. Petersburg, St. Pete Beach, Clearwater Beach, Dunedin, Safety Harbor, and Tampa. Additional amenities include under-building parking, a storage space for beach gear and bikes, and rental management currently handled by another real estate firm. Detailed rental history, future bookings, and income projections are available upon request. The current owner has reserved multiple high-season dates for personal use, yet the unit still generated over $62k in revenue after booking fees and commissions. Proforma from Resoort Rentals projects much higher revenue.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,495,000
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 | $1,196,000 | $1,196,000 | $1,196,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.851% | 6.790% |
Monthly Tax Payment | $829 | $829 | $829 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,658 | $7,757 | $10,501 |
Total Monthly Payment | $8,612 | $8,711 | $11,455 |
* 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.