**Waterfront Gem with Transferable FEMA Flood Insurance in Cape Cay**
This beautifully renovated coastal retreat, nestled in the heart of the Florida West Coast Gulf Community of Cape Cay, offers a rare opportunity for worry-free waterfront living. With a **FEMA Flood Insurance Policy effective through October 30, 2026, transferable to the new owner as prepaid**, this home is both a haven and a smart investment. Whether you’re looking for a serene personal getaway or a property that can generate a solid income similar to Airbnb, this versatile home offers endless possibilities.
Step inside to discover a thoughtfully redesigned interior, where charming coastal decor meets modern luxury. The main bathroom showcases exquisite craftsmanship with floor-to-ceiling oversized slate gray tiles, while new cabinetry and unique whitewashed wooden accent walls and doors add character and warmth throughout the home. Enjoy the convenience of top-of-the-line appliances and new windows that flood the convertible den/second bedroom with natural light.
This home features two newly redone bathrooms, each equipped with full showers. The master bedroom offers versatility, easily transforming into a mother-in-law suite with its kitchenette, separate entrance, and private patio—perfect for extended family, guests, or short-term rentals.
A newer roof, installed in 2023, ensures peace of mind for years to come. The outbuilding on the property houses a washer/dryer, built-in cabinets, and whitewashed walls. It also offers the potential to add a commode, transforming this space into an additional living area. New windows in the rear of the outbuilding frame breathtaking waterfront views, making it a tranquil retreat.
The well-manicured grounds feature a fire pit and a fish cleaning table with running water for easy cleanup after a day on the water. A newly installed 16-foot floating dock, complete with power and a shower, is perfect for boating enthusiasts. A community boat ramp, located just across the street, is available for a small usage fee.
For those with an RV or trailer, the property includes a 174 sq ft concrete pad with a 30-amp electric hookup and dump access to the on-site sewer. Outdoor enthusiasts will appreciate the proximity to **Sun West Beach**, just minutes to the north, and the convenience of Hudson Beach and waterfront dining, accessible by golf cart within the community. **Tampa International Airport** is a mere 40 minutes away, and you're within an hour's drive of the pristine beaches of Clearwater to the south or the natural springs around Crystal River to the north.
This prime location also boasts excellent hospitals and medical services, ensuring all your necessities are close at hand. With direct access to the Gulf of Mexico and no bridges to navigate, you can fish, crab, or simply marvel at visiting dolphins and manatees right from your dock.
This coastal gem is a breeze to maintain, offering the best of Florida's Gulf Coast lifestyle—ready for you to enjoy today.
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Our Executive Mortgage Banker:
Our Insurance Division:
$250,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $200,000 | $200,000 | $200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $86 | $86 | $86 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,331 | $1,329 | $1,715 |
Total Monthly Payment | $1,492 | $1,490 | $1,876 |
* 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.