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Create Your Dream Beach Retreat – Prime North End Anna Maria Island Opportunity! Here’s your chance to own a slice of paradise on the coveted north end of Anna Maria Island! Just 2 blocks to the powdery sands of Bean Point and 1 block from the serene bay, this property offers the ultimate location for your coastal getaway. The current 2-bedroom, 1-bath beach cottage was storm-damaged but carries a strong legacy—over 10 years of successful rental history and nearly $100K in annual income. Whether you restore the existing structure or start fresh, the possibilities are endless. The 50' x 102' buildable lot includes a private pool that can be salvaged and enjoyed, giving you a head start on your island oasis. With the potential to build an elevated 2, 000 sq ft home, this is a rare opportunity to create a stunning personal retreat or a high-performing rental property in one of Anna Maria’s most desirable neighborhoods. Hop on your golf cart and cruise to nearby Pine Avenue, where local shops, charming eateries, and vibrant island culture await. This is more than a property—it’s a lifestyle, and it's being offered at land value. Don’t miss your chance to design the beach retreat you’ve always imagined!
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Our Executive Mortgage Banker:
Our Insurance Division:
$889,900
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 | $711,920 | $711,920 | $711,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.898% | 6.739% | 6.560% |
Monthly Tax Payment | $1,044 | $1,044 | $1,044 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,383 | $4,559 | $6,153 |
Total Monthly Payment | $5,519 | $5,695 | $7,289 |
* 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.