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Investment Opportunity on Clearwater Beach! – Turnkey Vacation Rental! - Top floor unit with ocean views! Pelican Pointe Hotel and Resort is a 60-unit complex and is directly across the street from the white sands of Clearwater Beach, Florida. Unit #412 is a 386 sq ft studio divided into 3 spaces. This studio condo features 1 king bed, 2 twin beds, 1 bathroom and is being sold fully furnished, complete with linens, beach towels and beach toys. Located across from the Opal Sands on Gulfview Blvd, this unit enjoys a year-round rental demand. This property permits unrestricted rentals. This unit has a very strong and verifiable income history. It is ideal for first-time Airbnb owners. You may choose from onsite reservation management or remain with Ikon Collections - a Lux management company. The condo is newly renovated, featuring a kitchenette complete with a tall refrigerator/freezer, microwave, toaster, rice cooker and blender. Dishes and utensils allow for fine dining in your room. Enjoy two separate sitting areas. One section has a fold out wooden table that comfortably seats four. On the opposite side of the condo is a small breakfast nook that seats two with an elevated bar-height table and chairs. The sleeping area features a large 55” wall-mounted smart TV, a split king adjustable bed with under-bed lighting and massage function. The unit has a partial dividing wall affording privacy for families. In this space there are 2 twin sized ottomans that function as a couch by day, and twin beds or a king-sized bed at night. This area includes a 32" smart TV which allows gaming. The property has an elevator and multiple stairways. There is a newly improved heated pool, kiosk laundry room, and front desk - all of which have been recently renovated and updated. The property is convenient to Clearwater Beach, grocery stores, vacation destinations, bars and many restaurants and Pier 60 is also close by. There are parking spaces for owners or guests who choose to bring a vehicle. Typically parking placards are at no extra cost for guests. The HOA monthly fee includes electricity, cable, internet, pest control, common area insurance, water, sewer, pool, A/C and heating. The HOA is financially strong and smart. There are no large assessments at the present time. Do not miss this opportunity to own a profitable beachside investment in a prime location!
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Our Executive Mortgage Banker:
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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 | $264,000 | $264,000 | $264,000 |
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 | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | $379 | $379 | $379 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,647 | $1,734 | $2,210 |
Total Monthly Payment | $2,101 | $2,188 | $2,664 |
* 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.