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Under contract-accepting backup offers. Sunrise units are RARELY available for sale! In fact, only four have sold in the last three years! This is your chance to own a 5th floor unit with a coveted and hard-to-come by under-building parking space! At ‘The Sunrise’ you are nestled between the beach and the bay and surrounded by water and a host of things to do! As such, the Resort is a favorite spot for visitors who want more than just a hotel room! At Sunrise, they get MUCH MORE! That is why the property enjoys so many return visitors and the resulting great income! For the first four months of 2025, this unit earned $30, 700 in rental income, with an average nightly rate of $304! For 2024, the current Owner enjoyed just over $60K in rental income! Sunrise Resort is a LEGAL & LUCRATIVE 3-night minimum vacation rental property located on the Intracoastal side of the island with lovely views of Boca Ciega Bay looking out toward the Intracoastal Waterway. It is also directly across the street from the powdery sands of St. Pete Beach, which has been consistently voted in the top five beaches in the United States AND #1 in the USA for 2021! For those of us familiar with it, this is no wonder. The sand is startling white and soft; the Gulf waters are warm; and the sun shines almost every day. What's not to love! At six stories, Sunrise is a mid-rise building with only 58 units in total, all of which have water views. From the ample balcony, you have a view of the bay where you will LOVE the sunrise sky, as it explodes in a cascade of colors across the horizon! This tranquil spot is perfect for spying families of manatees who frequent the warm waters of our bay while you enjoy your morning tea/coffee or evening al fresco meals and cocktails. But the fabulous views to the east are not the only show in town! The views from the front windows and breezeway across Gulf Blvd to the west, gaze to the horizon and offer a window to world class sunsets! Indeed, there are many world-class perks to enjoy on this lovely island, from great restaurants to fun beach bar venues and other fabulous offerings, such as the Spa Oceana at the world-famous Don CeSar Resort. The Sunrise amenities include a lighted tennis/pickle ball court, fishing dock, BBQ area, shuffleboard and beautiful resort-style heated pool and spa. There is so much to do here besides the beach. However, the beach IS THE MAIN ATTRACTION! When you are in need of the sensation of that pristine, white sand between your toes, you need only to walk across the street at the lighted crosswalk and enjoy a short stroll to the beach. Soak up the sun. Frolic in the water. Rent a jet ski! Or take advantage of the many fabulous local hotels where you can dine, enjoy the perfect beach cocktail or listen to live music! Rent a cabana and chill on the beach or go crazy and try parasailing! And, after a hard day at the beach, or poolside, your Sunrise Condominium will welcome you and yours home. Unit 505 has enjoyed a significant remodel. The kitchen and baths feature white, shaker-style cabinetry with 3cm granite countertops. The home comes fully furnished as a lucrative turnkey vacation rental. Come see what all the fuss is about. Perhaps it is time you joined the Sunrise family!
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Our Executive Mortgage Banker:
Our Insurance Division:
$595,000
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 | $476,000 | $476,000 | $476,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.037% | 6.046% |
Monthly Tax Payment | $609 | $609 | $609 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,970 | $3,127 | $3,953 |
Total Monthly Payment | $3,671 | $3,828 | $4,654 |
* 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.