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Under contract-accepting backup offers. PENTHOUSE level condo in the highly desired DRIFTWOOD SANDS! . . . . . . Glorious Gulf-Ocean Beach Views from living/dining room, kitchen will inspire you to relax at home or on the pristine beach! . . . . . . . Gorgeous kitchen with granite countertops, bright wood cabinetry, recessed lighting, ceiling fan and stainless steel appliances features a spacious bar that opens to the dining/living area with views of the Gulf/Ocean/Beach from all living areas! …… Views of the Intracoastal Waterway from bedrooms . . . . . . Perfect indoor-outdoor living for enjoying a sunset dinner on your West/SW facing balcony that spans the entire living area offering stunning views of the ocean/beach! The best part is that your balcony is shady during the warmest summer months, so you can relax comfortably with a book, tablet or laptop all year long . . . . . . Floor to ceiling glass sliders on the entire West side of the condo plus solar glide shades that are hidden by valance when fully open . . . . . . crown molding and upgraded panel doors . . . . . . Condo is quiet with all impact resistant windows/sliding doors that reduce sound . . . . . . Condo is conveniently on one level, the top penthouse level 6 (ground level is under-building parking: #505 includes 1 deeded under-building parking space) . . . . . . Amenities include guest parking, shuffleboard, poolside restrooms, direct private beach access, outdoor shower, heated seaside pool, sundeck with lounge chairs and tables / umbrellas, and large seaside gazebo with 3 gas/charcoal barbecue grills, wet bar and plenty of lounging and dining space in 3 separate zones so you’re always able to find a quiet space or a table to dine al fresco! …… To make beach life even more convenient, there is a private lockable ground floor storage unit for #505 owner (#40) for you to keep all your beach toys …… on ground level there are covered bike racks, kayak storage and at each elevator, shopping carts for easy living - 2 separate elevators for convenience …… 30 day min rental policy . . . . . . $765 is the monthly HOA fee in 2025 and it includes building flood insurance, maintenance, pool, deck & restoration of lush landscaping that existed before Oct 2024 hurricane, basic internet and cable, water, sewer, waste removal / trash and a full time Supervisor of Maintenance who is well admired for consistently assuring the complex is well maintained . . . . . . Pet Friendly: 2 cats or 1 dog up to 25lbs welcomed for owners . . . . . . Driftwood Sands is a GULF FRONT TREASURE with lovely landscaping and lots of green areas, perfectly positioned on the very quiet Northernmost tip of IndianRocksBeach, a golf-cart friendly Gulf- beach community that uniquely known for its great restaurants and casual lifestyle . . . . . . Locals fondly call IRB "The Mayberry of the Gulf Beaches" for its quaint, small town atmosphere . . . . . . Secure building: guest dial up access at 1 of 2 elevators. Both elevators and both stairwells require a non-duplicable key ! ……. . NOTE: Seller is currently using this condo s a 2/2 by expanding the living area. Seller will replace the wall & door from original floor plan design if buyer prefers . . . . . . Note: Buyer will assume currently booked Rentals and rental income received from Dec 5, 2024- Jan 5, 2025 and Feb 1- Mar 31, 2025 . . . . . . . . This condo is being sold furnished and ready for you to relax and enjoy the FLORIDA LIFE …… Come feel the ocean breeze and listen to the peaceful sounds of the waves lapping as you gaze out to the spectacular Gulf - beach views.
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$1,198,000
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 | $958,400 | $958,400 | $958,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.751% | 6.666% |
Monthly Tax Payment | $1,041 | $1,041 | $1,041 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,823 | $6,137 | $8,349 |
Total Monthly Payment | $6,989 | $7,303 | $9,515 |
* 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.