Pre-Construction. To be built. LUXURY ELEVATED LIVING | PERMIT NEARLY IN HAND | NEW CONSTRUCTION & FULLY CUSTOMIZABLE | MADEIRA BEACH | BUILT TO WITHSTAND THE COASTAL SURGE | Just one block from the sugar-white sands of Madeira Beach, this sophisticated new construction masterpiece offers the ultimate Florida coastal lifestyle with unparalleled peace of mind. Engineered for longevity with poured concrete cast-in-place pilings, this thoughtfully designed residence sits confidently above the base flood elevation, providing superior protection against coastal elements. Rising four stories into the Gulf Coast sky, this architectural gem features four generously-sized bedrooms and 2. 5 designer bathrooms, creating the perfect balance of private retreats and social spaces. A private elevator accesses all levels, seamlessly blending convenience with luxury. The showstopping pool adds a resort-style element to everyday living, while the extraordinary 1, 400-square-foot garage provides abundant space for vehicles, water toys, and beach gear – a rare find in coastal properties. The crowning glory awaits on the fourth floor, where an expansive rooftop deck with an elegant pergola delivers breathtaking views of the Intracoastal Waterway and John's Pass – the perfect setting for sunset gatherings or peaceful morning coffee. Ready for its first owner, this residence comes with a nearly-completed building permit, offering an expedited path to completion and allowing you to begin your elevated beach lifestyle sooner than a typical new construction timeline would allow. Options are boundless here to customize your finishes and pool design. Build time is approximately 8 months. Modern coastal engineering meets timeless beach living in this exceptional property. Escape the concerns of traditional beach homes while maintaining immediate access to Madeira Beach's renowned attractions, dining, and water activities. This is more than a home – it's a statement in sophisticated coastal living where peace of mind meets paradise.
Construction Highlights:
- Elevated design exceeding base flood elevation requirements
- Premium poured concrete cast-in-place pilings
- Four spacious bedrooms and 2. 5 luxury bathrooms
- Pool (allowance)
- Massive 1, 400 sq ft garage for vehicles and storage
- Four-story design with private elevator
- Rooftop entertainment deck with Intracoastal views
- Expedited permit process nearing completion
- Prime location one block from beach access
Don't miss this rare opportunity to own a new construction home that combines intelligent engineering with the laid-back luxury of beach living.
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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 | $1,400,000 | $1,400,000 | $1,400,000 |
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 | $577 | $577 | $577 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,964 | $8,964 | $12,292 |
Total Monthly Payment | $9,666 | $9,666 | $12,994 |
* 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.