REDUCED FOR QUICK SALE. OWNER SAYS SELL! BE PART OF THE REDEVELOPMENT RENAISSANCE. . . Seize the Opportunity: Build Your Coastal Dream in Madeira Beach! Welcome to an exceptional rebuild opportunity in coveted Madeira Beach, Florida. This existing two-bedroom, one-and-a-half-bath concrete block structure stands as a canvas for your vision, set against the stunning backdrop of the Gulf of Mexico and some of Florida's most desirable beaches. Whether you renovate or start anew, this location promises boundless potential. Unmatched Locale Nestled within a tranquil residential community that is currently undergoing a vibrant renaissance, this property is perfectly positioned just steps away from the breathtaking shores of award-winning sandy beaches and the lively John's Pass Village. Enjoy an array of shops, restaurants, and waterfront activities, all within a "short walk"—the ideal lifestyle for both relaxation and adventure! Your Vision Awaits Build Up or Build New! This is your chance to create a unique coastal gem tailored to your taste. With the existing structure primarily built from sturdy concrete blocks and featuring painted stucco interiors, you have the option to upgrade and enhance the current space or to go bold and design an architectural masterpiece from scratch. Imagine the possibilities: a contemporary beach house that captures stunning bay views and embraces the essence of coastal living. With a variety of building options available, your fresh start begins now! An Unmissable Investment This rare opportunity is a builder’s dream. The lot's prime location supports your creative ideas and assures property appreciation, making it an astute investment for the future. Whether you're looking to establish a second home, a rental property, or an artistic sanctuary, this site is brimming with potential. Sold As-Is, this property invites you to bring your dreams to life. The ongoing neighborhood restoration further enhances the value of your investment, ensuring that your coastal oasis will be part of a revitalized community, thriving with energy and charm. Make It Yours and contact us today to explore the possibilities for your new construction on the breathtaking Boca Ciega Bay. The chance to own a slice of paradise in Madeira Beach is here—don’t let it slip away! Your dream coastal lifestyle and lucrative investment await you. Let’s bring your vision to fruition along the Gulf of Mexico!
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Our Executive Mortgage Banker:
Our Insurance Division:
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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 | $303,920 | $303,920 | $303,920 |
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 | $175 | $175 | $175 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,022 | $2,020 | $2,606 |
Total Monthly Payment | $2,271 | $2,269 | $2,855 |
* 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.