11605 1st STREET E, #6, Treasure Island, FL, 33706 | $1,690,000

Under Construction. Nearly completed. Move in ready in early December 2024. High and Dry, Elevated Strong, built to the stringent Hurricane codes and was virtually unscathed in both storms. Experience the epitome of first-class, robust construction coupled with luxurious finishes. These one of a kind, 5 bedroom, 4. 5 Bath, 2800 square feet, 2+ car garage, triple level townhome style condominiums with rooftop decks reinforced to hold hot tubs are complemented by a community pool merely a block away from the sparkling sands and peaceful waters of Treasure Island. . Zero Rental restrictions allow you to participate in the lucrative short term weekly and long weekend rental market (Nightly, Weekly VRBO All OK), . 3rd party rental projection estimate close to $200K annual gross income. You can also live here full time as a primary residence offering you the rare flexibility of both uses. Pets are allowed no size limits. Big Dogs need beach homes too. Developer wants to help those who have been affected by the recent hurricanes. With a 20% deposit, the developer is willing to wait for closings for a little while if it helps your current situation. There are only a few units left, and they will be ready very soon for occupancy. We are here to help and make it easy for you to be one of the next great owners at the Capri Townhomes. Developer is willing to provide a furniture allowance to be given at closing. Buy now and take advantage of the ultra high demand rental market for displaced families couples or restoration company employees looking for short term leases as the community allows for nightly or weekly rentals which will cover nicely until the season comes with very limited competition. Third-party rental projections from Resort Rentals anticipate these units to generate close to $200, 000 annually. Don't miss the chance to become a part of the unparalleled Capri experience.

Features

  • Elevator: Y
  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 3
  • Rooms: 3
  • Bedrooms: 5
  • Baths: 4 full
  • Lot Size: 120 x 80
  • Laundry: Other
  • Complex: CAPRI TOWNHOME CONDOMINIUM
  • Year Built: 2024
  • Approx Sq. Feet: 2,811
  • Acreage: 0.22
  • Est. Taxes: $7,040
  • Condo Fee: $992 Monthly
  • Lot Desc: Cleared
  • Elem. School: Azalea Elementary-PN
  • Middle School: Azalea Middle-PN
  • High School: Boca Ciega High-PN
  • Pet Policy: Number Limit, Yes
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • MLS#: U8225803
  • Days on Market: 298 days
  • Website: https://www.raveis.com
    /prop/U8225803/116051ststreete_treasureisland_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 11/24/2024 3:17:10 PM)
Listing courtesy of CENTURY 21 BEGGINS   Phone: 800-541-9923

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

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Our Insurance Division:

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11605 1st STREET E, #6, Treasure Island, FL, 33706

$1,690,000

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 $1,352,000 $1,352,000 $1,352,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment $587 $587 $587
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,657 $8,657 $11,870
Total Monthly Payment $9,369 $9,369 $12,582

* 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.