**Discover Your Dream Waterfront Oasis on the Gulf of Mexico!** Welcome to your coastal paradise! This charming concrete block 2-bedroom, 2-bathroom, 1096 sq' home offers a fantastic opportunity to create your ideal retreat, featuring 141 feet of pristine waterfront and a well-constructed seawall with a generous 22-foot-wide cap—perfect for watching the stunning sunsets. The seawall has withstood the test of time, showing no damage from the recent Helene and Milton storms, providing you with peace of mind. While the home experienced water intrusion, all damaged drywall has been removed, allowing you to customize the space to your taste. The elevated AC unit remains untouched, and the roof was recently replaced in July 2023, giving you a solid foundation to build upon. This property is being sold as-is, inviting you to unleash your creativity and transform this house into your dream home. Situated in the serene bird sanctuary Bailey's Bluff Estates, this gem is nestled on a tree-lined cul-de-sac, just a 15-minute stroll to Key Vista Nature Park. Enjoy unparalleled outdoor experiences with your very own private boat ramp providing direct access to the Gulf of Mexico. Revel in a lifestyle rich with nature, from dolphins and manatee sightings to excellent fishing, scalloping, boating, and island hopping. Your waterfront paradise awaits—seize this rare opportunity!
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Our Executive Mortgage Banker:
Our Insurance Division:
$725,000
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 | $580,000 | $580,000 | $580,000 |
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 | $489 | $489 | $489 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,859 | $3,855 | $4,973 |
Total Monthly Payment | $4,440 | $4,436 | $5,554 |
* 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.