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Gulf-Front Getaway with High Rental Potential! Welcome to your beachfront retreat—where breathtaking Gulf views, powder-soft sand, and strong rental income come together in perfect harmony! This direct beachfront, fifth floor, stylish 1-bedroom, 1-bathroom condo at South Beach Condo-Hotel is an investor’s dream and a beach lover’s paradise. Built in 2001, this prime vacation property has no minimum rental restrictions, allowing for nightly rentals and flexible owner use. Whether you choose to self-manage or utilize on site rental service, this unit has a proven income track record. In 2023 this unit had $57, 353. 00 in rental revenue (10 night owner stay in March) and in 2024 an impressive $48, 340. 00 with 2 weeks of owners stay in winter and temporary closure after the storms. Step inside to find a bright, open-concept floor plan featuring impact-rated PGT windows and sliders, an in-unit washer and dryer, and a private balcony to soak in Treasure Island’s legendary sunsets. The kitchen is light and airy, fully equipped for guests or personal enjoyment. Sold fully furnished, this condo is truly turnkey—ready for you or your renters from day one! South Beach Condo-Hotel offers resort-style amenities including a heated beachfront pool, shuffleboard court, BBQ grilling area, and hammock retreat—all with direct Gulf views. The comprehensive HOA fee covers cable, water, internet, electricity, exterior maintenance, pest control, and more, ensuring hassle-free ownership. Whether you're looking for a lucrative investment, a personal vacation spot, or both—this is it! Don’t miss this rare opportunity to own a slice of paradise with unmatched rental flexibility. Schedule your private showing today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$575,000
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 | $460,000 | $460,000 | $460,000 |
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 | 7.007% | 7.050% | 6.132% |
Monthly Tax Payment | $527 | $527 | $527 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,870 | $3,022 | $3,851 |
Total Monthly Payment | $3,489 | $3,641 | $4,470 |
* 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.