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Under contract-accepting backup offers. Unique Triplex or Single-Family Home with Seller Financing Opportunity | This charming, completely renovated estate-style property offers the perfect blend of classic Spanish Revival architecture and modern comforts. Situated on a prominent corner lot, elevated and never flooded, this home boasts partial views of the Intracoastal Waterway and exceptional curb appeal. Whether you’re looking for a spacious single-family home or a triplex for rental income, this property delivers the best of both worlds. The main house features a newly updated kitchen with sleek quartz countertops and top-of-the-line appliances, perfect for culinary enthusiasts. The large open-plan eat-in dining room is ideal for entertaining, easily accommodating large gatherings. The expansive living area showcases a stunning wood-burning coquina fireplace, adding warmth and character to the space. Upstairs, you'll find three generously sized bedrooms with hardwood floors and another cozy fireplace, creating a tranquil retreat. To the side of the property, there is a charming rental unit that’s fully equipped and currently rented on an annual lease, providing steady rental income. The newly restored basement offers even more potential, with a second kitchen, bath, and plenty of space for guests, tenants, or a large home office. This beachside gem offers incredible value with no additional investment needed. The A/C units are newer, and the roof is approximately five years old, featuring a durable GACO brand roof designed to last. This property is perfect for both local and absentee owners, providing a low-maintenance and income-generating opportunity in one of the most sought-after beach locations. With seller financing available (35% down, 3-5 year balloon at 8% interest), this is an opportunity you don’t want to miss. Come see this stunning home today and envision the possibilities!
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Our Executive Mortgage Banker:
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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 | $511,920 | $511,920 | $511,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.944% | 7.025% | 6.046% |
Monthly Tax Payment | $532 | $532 | $532 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,152 | $3,363 | $4,251 |
Total Monthly Payment | $3,776 | $3,987 | $4,875 |
* 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.