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CHOOSE YOUR OWN ADVENTURE IN THE CHARMING, WATERFRONT ARTS DISTRICT OF GULFPORT! Best known for its small-town feel, artsy vibe, and friendly, laidback atmosphere, Gulfport offers the best of all worlds — a true Old Florida waterfront town with easy access to both the hustle and bustle of Downtown St. Petersburg and to world-class Gulf Coast beaches! This quintessential 2-bedroom, 2-bathroom coastal bungalow with detached garage and connecting carport encapsulates the history of a once small fishing village turned vibrant waterfront community and artisan enclave. Now, it awaits the author of its next chapter. OPTION 1 - LOOK TO THE PAST TO SHAPE THE FUTURE: Restore and revitalize this historic 1923 beach bungalow to suite your taste and lifestyle. Thanks to its enduring craftsmanship of a bygone era and its intentionally elevated and ventilated foundation to sustain waterfront living, this home successfully weathered over a century of storms! Abound with timeless character and charm, this property is the worthiest of canvases for your next project! Moreover, there is plenty of room in the price for your value-add improvements and appreciation. OPTION 2 - LOOK TO FUTURE TO SHAPE THE PAST: Honorably retire this historied home and build up for a safe and secure future. Start fresh — design and build the modern coastal home of your dreams! An elevated, multi-story design on this lot would offer spectacular water views of Boca Ciega Bay and the St. Pete Beach coastline. What’s more — this property falls within the “Waterfront Redevelopment District” and offers ADVANTAGEOUS ZONING for those interested in owning a home business. Ultimately, what truly sets this property apart is the UNRIVALED LOCATION and the EASYGOING, COASTAL LIFESTYLE it facilitates. NO MATTER WHICH OPTION YOU CHOOSE - RESTORATION OR NEW CONSTRUCTION - just steps from your front door will be Gulfport’s vibrant downtown district along Boca Ciega Bay — complete with waterfront restaurants with nightly live music, weekly outdoor markets, monthly art walks, charming boutiques and coffee shops, and more! So, don’t waste another minute! Bring your imagination and rose-colored sunglasses — your next adventure in Gulfport awaits!
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Our Executive Mortgage Banker:
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$300,000
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 | $240,000 | $240,000 | $240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.360% | 7.179% | 6.288% |
Monthly Tax Payment | $596 | $596 | $596 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,577 | $1,595 | $2,024 |
Total Monthly Payment | $2,248 | $2,266 | $2,695 |
* 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.