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UPPER CORNER UNIT!! With only one corner unit higher, Unit #513 is considered the 2nd best unit in the complex. Ocean Club is a Luxury Condo Resort Hotel ideally for snowbirds/limited users who only want to spend minimal time in the area but have the onsite Property Manager rent it out when not in use so there is no guilt not using it all the time for your personal use! Out of the 8 Ocean Club Room Categories, Unit #513 is 1 of 3 in the highest level, Luxury, which has the largest balcony and sf with an amazing view that overlooks the pool, beach, and gulf! The “Luxury” level excelled with pre/post hurricane occupancy rate of 91. 20 / 90. 50 respectively with the highest Average Daily Rate (ADR) of all Ocean Club levels yet the building is not even 2 years old! The Question is not will this unit Rent but at what ADR! With the Ocean Club receiving consistent high reviews and every year gaining more repeat customers with more market awareness the ADR is expected to continue upward for the years to come. Gulf front two bedroom/two bath turnkey suite with spacious private balcony with retractable sliding doors that give you picture perfect views of the Gulf and Treasure Island Beach! Kitchen and baths include custom cabinetry with quartz countertops while porcelain tile flooring is throughout the living area and luxury vinyl plank flooring in the bedrooms. Unit is fully furnished with stainless steel appliances, washer and dryer, furniture, linens, cookware, dishes, and décor. With the sleeper-sofa, you can have up to 6 guests to enjoy your stay! Amazing amenities offering rooftop lounge with fantastic views, full beach bar with finger food, heated pool and spa, fitness center, private beach lounge area including chairs, umbrellas, firepit, and a sand volleyball court, 24-hour concierge services, towel service, housekeeping, and 24-hour security. In front of the pool is the . 85-mile Treasure Island boardwalk parallel to the beach that is perfect for soaking up the sun while walking to the nearby beach bars and restaurants when taking a break from the beach! Ocean Club is located in a prime location: walking distance to shops, restaurants, activities, and John’s Pass Village - the #1 tourist destination in the Clearwater/St. Petersburg area. Ocean Club offers a flexible rental program with an onsite management team which makes being an owner hassle free. Please review local and condo rental requirements. Ocean Club opened in October 2023 with all the required building codes implemented to minimize any future hurricane or flood damage. After 2 hurricanes in the fall of 2024, OceanClub had no building damage from either hurricane and only grounds damage from the first hurricane. While the bulk of beach condo hotels/hotels were closed or open on a limited basis for an extended time, Ocean Club was open under 5 weeks after the first hurricane! If you compare other beach condos to Unit #513, you will discover that they don’t have the total package that this condo does in terms of proven rental history, the numerous items unique to the Ocean Club/ #513, and the appreciation potential! Take a look at the condo yourself to see why #513 is a rare opportunity that doesn’t come on the market very often!
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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 | $799,200 | $799,200 | $799,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.949% | 6.865% | 6.706% |
Monthly Tax Payment | $953 | $953 | $953 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,986 | $5,184 | $6,962 |
Total Monthly Payment | $6,031 | $6,229 | $8,007 |
* 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.