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An exceptional opportunity awaits with this expansive four-story residence, uniquely designed for multi-generational families or savvy investors, located directly on the pristine sands of Redington Shores. Built in the 1990s, this substantial eight-bedroom, seven-bathroom home offers a rare and versatile living experience, with each of its four levels thoughtfully designed as a private, self-contained living space.
Imagine waking to the sound of gentle Gulf waves and stepping out onto your balcony to greet the Florida sunshine. This distinct property ensures both togetherness as every floor features its own bedrooms, bathrooms, kitchen, and comfortable living area. This innovative layout provides unparalleled flexibility, making it an ideal retreat for large families desiring individual privacy while sharing a magnificent beachfront location. This is zoned Multi Family, so the sky is the limit. The home’s prime position on the shores of Redington Beach means direct access to the soft, white sand and the sparkling waters of the Gulf of Mexico. Enjoy breathtaking sunsets, leisurely strolls along the coastline, and all the recreational activities that beachfront living affords. Beyond its appeal as a spacious family compound, this property presents a remarkable income-producing potential. The individual living spaces lend themselves perfectly to a vacation rental model, allowing for multiple rental units within a single, prestigious address, catering to groups of various sizes seeking a memorable beach getaway.
This is more than just a house; it's a versatile coastal haven offering a unique lifestyle or investment in one of Florida's most desirable beach communities. Don't miss the chance to own this remarkable Redington Shores property, where every level tells its own story of seaside serenity and comfort.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,995,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $4,796,000 | $4,796,000 | $4,796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.911% | 6.764% | 6.726% |
Monthly Tax Payment | $1,720 | $1,720 | $1,720 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $29,530 | $30,709 | $41,778 |
Total Monthly Payment | $31,375 | $32,554 | $43,623 |
* 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.