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$50K Price Reduction! Act quickly before it's gone! Step back in time to old Florida charm with swaying palm trees on a 1/4 acre lot! This solid block 4 bedroom/2 bath home with almost 2000 heated sq ft (3000 under roof!) has a flowing open floor plan & a spectacular updated custom kitchen with granite counter tops & updated baths. This home had water intrusion during Helene. This is the perfect opportunity to transform this much-loved home into your own OR start over and build your dream beach house. A private ACV appraisal states the value of the BUILDING at $426k. It should be possible to renovate this home and make it yours with a maximum budget of $213K and comply with the FEMA 50% rule guidelines. To speed the permitting process, this appraisal has already been submitted to City of St Pete Beach. Buyer to verify all requirements with the City of St Pete Beach. The quaint & charming Don Cesar neighborhood is in the foreground of this internationally renowned 5 star resort. It is a leisurely 7 minute stroll to the Beach & the Don Cesar. This quarter acre lot would allow you to add a large pool and outdoor entertainment area OR build you new elevated Dream Beach Home on this spacious lot. An elevated home would offer views from sunrise to sunset! Relish the splendor of tropical breezes in your own beach house. It’s a short walk to the neighborhood’s 2 private beach access paths immediately north & south of the grand “Pink Lady”. Stroll down your private Sea Oat lined path to pristine sugary white sand beaches to catch a few rays or view the most spectacular nightly Sunsets! This quaint, quiet neighborhood has a boat ramp providing boaters quick access to the Intracoastal and the Gulf of Mexico. Just across the street you can walk the dogs or take the kids to Lazarillo Park & play a few rounds of tennis, romp on playground equipment or enjoy a picnic lunch under the shady pavilion. Later you can hop on your beach cruiser for a scenic tour through the charming alleys of Pass-A-Grille with its eclectic variety of historic and modern Beachfront homes. Keep heading south on your bike to shop and dine on historic 8th Avenue featuring restaurants, retail shops & art galleries. You can also purchase a membership to the exclusive Don Cesar Beach Club giving you access to the 5 star Resorts many amenities including pools, gym & a “members only” happy hour! Swaying palm tree frame the 500 sq ft rear porch featuring original terrazzo floors. It is the perfect spot to entertain or relax after a day at the beach. The huge backyard allows plenty of room for a pool! This home has been owned & lovingly maintained by the same family for over 70 years. Ice cold Energy efficient Zoned A/C and a new roof in 2021 offers easy maintenance, granting you the island lifestyle of your dreams. This ¼ acre beach lot is a one-of-a-kind gem. Now is the perfect time to buy your own piece of paradise. Whether you make this your primary residence or a vacation home, this is a desirable home in a premium St. Pete Beach location immediately adjacent to Pass-a Grille Beach. Quick interstate access to vibrant downtown St. Petersburg offering dining, shopping, museums, the Pier and waterfront parks where something is always going on! Sarasota’s Ringling Museum, St Armand’s Circle and Tampa International Airport are a short jaunt away. This is an ideal opportunity to turn this much-loved home into your own OR start over and build your dream beach house. Call Today!
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | $898 | $898 | $898 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,988 | $4,199 | $5,351 |
Total Monthly Payment | $4,978 | $5,189 | $6,341 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.