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Investment Opportunity, Madeira Bay Resort Condo, Whether you're a first-time investor seeking a profitable vacation rental or a seasoned real estate buyer, this beautifully maintained condo at Madeira Bay Resort is a must-see. A premier destination since 2006, the resort offers a perfect mix of comfort, location, and revenue potential. Professionally managed by Travel Resort Services, this fully furnished 2-bedroom, 2-bath unit gives you peace of mind and strong rental support with "The Total Concept". The condo features a full kitchen, in-unit washer and dryer, and is pet-friendly, ideal for guests and owners alike. Your 5th floor balcony offers breathtaking views to the east, stretching all the way to downtown St. Petersburg Skyline. Enjoy peaceful sunrises, relaxing afternoon shade for the building and a view of the marina just below. Bring your boat or rent one this is a place where memories are made. Low monthly HOA fees covers water, sewer, trash, cable TV, Wi-Fi, reserves, building insurance, and maintenance. Resort amenities include a remodeled heated pool and spa with a sun-shelf lounging deck, on-site restaurant, 6th-floor fitness center with a view, conference room, and covered parking. You're just a short walk from the beach and the world-famous John's Pass Village, with over 100 shops, restaurants, and exciting water activities like dolphin tours, pirate ships, jet skis, and deep-sea fishing. No minimum stay restrictions, use it for personal vacation or as a full-time income-generating property. This is your paradise oasis, relax, and enjoy!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$529,000
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 | $423,200 | $423,200 | $423,200 |
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% | 6.112% |
Monthly Tax Payment | $475 | $475 | $475 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,640 | $2,780 | $3,543 |
Total Monthly Payment | $3,207 | $3,347 | $4,110 |
* 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.