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Welcome to this rarely available waterfront 3 bedroom corner 2nd level unit at the sought after Madeira Cove condo. This corner unit remarkably light and bright featuring an abundance of impact rated windows on 3 sides including a bay window in the dining room which you will not find in an interior unit. As you enter through the front door you are welcomed by a foyer before you turn down the hallway towards the living space featuring attractive and durable bamboo flooring. The living spaces are very spacious and open planned with a living room/dining room combo and a kitchen that features a breakfast bar which is open to the living space. Sliders open from the living room to your large covered balcony where you will enjoy the water views and the regular spectacle of dolphins playing in the bay. The kitchen features abundant maple wood cabinetry, granite counters, a pantry and an adjacent laundry closet with full size stackable washer and dryer. The bedrooms are in a split plan with 2 very generous bedrooms flanking the hallway one with private access to the guest bathroom. The primary suite is at the back of the unit with sliders that open to the balcony and windows overlooking the water all featuring beautiful plantation shutters. The oversized balcony overlooks Boca Ciega bay and has plenty of room for dining alfresco as well as lounging and enjoying the view. The fabulous sparkling heated pool and clubhouse are right by the waterfront and the clubhouse features bathrooms, a fitness room and a kitchen for social gatherings. There is a community grill and picnic on the waterfront also and a covered wrap around porch overlooking the bay. The Community does have a dock and private boat slips do become available for sale or may sometimes be rented from an owner. Assigned under building parking will keep your car sheltered from the elements, and there is ample guest parking available. The unit also comes with a storage closet adjacent to the parking space. Located just a short walk from the beach, you'll have endless opportunities for sun-soaked days by the Gulf. Madeira Cove is a very well maintained and managed all ages community with a very proactive association.
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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 | $596,000 | $596,000 | $596,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.695% | 6.810% | 6.026% |
Monthly Tax Payment | $690 | $690 | $690 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,431 | $3,816 | $4,949 |
Total Monthly Payment | $4,213 | $4,598 | $5,731 |
* 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.