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Elevate your lifestyle with this immaculately updated two-bedroom, two-bath condominium situated in the prestigious Sunset Vista Beachfront Resort, nestled on the pristine shores of Treasure Island. This third-floor oasis commands views of the Gulf of Mexico and boasts an impressive rental track record, emphasizing its appeal as a high-performing investment property. In 2021, it achieved $65, 357 from 322 rental days, escalating to $72, 556 from 315 days in 2022, and $77, 192 from 300 days in 2023. Even in 2024, with partial closures, it garnered $73, 969 over 275 days. The interior showcases luxury vinyl plank flooring, wood cabinetry, and premium quartz countertops, creating an ambiance of modern elegance. This turn-key unit comes fully furnished, allowing for immediate rental opportunities. Pride of ownership is evident. Each bedroom features flat-screen TVs and the living spaces are designed for maximum comfort and entertainment. The kitchen is a culinary haven with quartz countertops, a flush breakfast bar, and a dedicated dining space. Step outside to a world of leisure with a beachfront pool and spa, and a children's wading area complete with playful fountains. Additional luxuries include a tiki bar (currently being replaced), a casual dining café, and a fully equipped fitness center. Ownership includes a designated parking spot, enhancing convenience. The property is superbly located just a short walk from John's Pass, known for its vibrant shopping and dining experiences. Owner's may choose to utilize on-site management, off-site management or self manage. Perfect property for a 1031 exchange. Prospective buyers are encouraged to review IRS Publication 527 to understand the potential tax advantages of vacation rental ownership.
This property is not just a vacation destination, but a lucrative investment and a slice of paradise. Arrange your visit today and start reaping the rewards of ownership at Sunset Vista Beachfront Resort.
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Our Executive Mortgage Banker:
Our Insurance Division:
$700,000
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 | $560,000 | $560,000 | $560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.109% | 7.166% | 6.268% |
Monthly Tax Payment | $692 | $692 | $692 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,586 | $3,722 | $4,723 |
Total Monthly Payment | $4,370 | $4,506 | $5,507 |
* 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.