This charming 1929 Craftsman-style cottage exudes character and opportunity, offering a prime waterfront lifestyle on Roberts Bay. Featuring two bedrooms, two baths and a versatile den that could serve as a third bedroom, the home blends classic details with modern functionality. The open gourmet kitchen boasts stunning granite countertops and rich wood cabinetry, complemented by the warmth of pecky cypress walls throughout the interior. The property is a boater's dream, with over 100 feet of waterfront, a new wood dock equipped with a boat lift, water and electric. No bridges and only minutes to access the Gulf of Mexico through the Venice Inlet. A separate guest house, ripe for renovation, provides the setup for a mother-in-law suite with space for a small kitchen, living area, bedroom and bath. Additionally, the lot across the street is buildable, offering further potential. Relax on the covered front porch while enjoying breathtaking sunsets or envision the possibilities for rebuilding on this prime waterfront lot. While the property experienced flooding during recent hurricanes, key updates include a new roof in 2021 and an upgraded air-conditioning system in 2024. This is an exceptional opportunity to restore, reimagine or rebuild a piece of paradise.
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Our Executive Mortgage Banker:
Our Insurance Division:
$980,000
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 | $784,000 | $784,000 | $784,000 |
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 | $154 | $154 | $154 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,020 | $5,020 | $6,883 |
Total Monthly Payment | $5,266 | $5,266 | $7,129 |
* 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.