Under contract-accepting backup offers. Welcome to 1904 Coles Rd, where coastal charm meets lucrative opportunity. This beautifully maintained historic property offers a unique blend of seaside allure and financial potential, making it an exceptional investment for both relaxation and income generation.
Nestled in a picturesque coastal setting, this home exudes a welcoming ambiance with its classic 1920's Clearwater architecture, including inviting landscape and a palette of serene beach-inspired colors. Inside, you'll find soaring ceilings, light-filled rooms adorned with hardwood floors, and a wood-burning fireplace.
The property features multiple living areas, including a stylishly appointed two-bedroom main residence and two separate, fully-equipped guest suites. This flexible layout not only ensures comfort and privacy for all guests but also presents a prime opportunity for short-term vacation rentals or long-term leasing, capitalizing on the area's high demand for coastal accommodations.
The expansive outdoor space includes lush gardens, a well-maintained deck, and a private patio perfect for enjoying the gentle sea breeze or hosting al fresco gatherings. A short stroll takes you to Dunedin's restaurants and pubs, shops, and street fairs or a quick 11 minute drive and you are at the pristine Clearwater beach and local attractions, enhancing its appeal to vacationers and tenants alike.
With its combination of coastal charm and robust income-producing potential, 1904 Coles Rd offers a rare opportunity to enjoy a tranquil seaside lifestyle while benefiting from a steady revenue stream. Don't miss your chance to own this enchanting property and make your mark in the thriving Clearwater rental market.
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Our Executive Mortgage Banker:
Our Insurance Division:
$549,000
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 | $439,200 | $439,200 | $439,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.760% | 7.042% | 6.160% |
Monthly Tax Payment | $100 | $100 | $100 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,033 | $2,885 | $3,677 |
Total Monthly Payment | $3,225 | $3,077 | $3,869 |
* 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.