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Presented by![]() Tom Genereux |
DIRECT BAYFRONT LIVING WITH BEACH TO BAY VIEWS - Welcome to Mandalay Bay on Anna Maria Island! The savvy investor has the opportunity to maximize earnings with short-term rentals allowed. This home features a total of 8, 747 square feet under roof and spectacular 360-degree views from the gulf of Mexico to the intracoastal waters! Relish the island lifestyle in this bayfront home, three houses to the beach and a short stroll to the azure waters of the gulf of Mexico! This high-end turnkey furnished home offers seven-bedrooms, five well-appointed bathrooms and two half baths. This property shares a rich variety of options for the discerning buyer. The family-oriented buyer can realize their dream of securing a bayfront family retreat while building a legacy for generational wealth or enjoy the income as a vacation rental property. A home built with artful design and decorated features such as stylish upscale finishes. The walls of glass doors showcase breathtaking views of the intracoastal waterfront. Fabulous glass doors from the main living area and almost every bedroom open to spacious balconies for entertaining and relaxing. With nearly 6, 000 square feet of living space, the home includes a stylish primary bedroom with an en-suite luxurious bath and a soaking tub, and a walk-in shower/steam room. The home also features two full kitchens featuring beautiful cabinetry, marble countertops and high-end appliances, including gas ranges. This home includes a wonderful theater and game room including a pool table. Outdoors, enjoy the many amenities with a full outdoor kitchen, bar and dining table in the covered porch, a large heated pool, waterfall and spa including poolside seating areas for soaking in the breathtaking scenery. This property is complete with a dock, two boat lifts (20, 000 and 7, 500 lbs. ) and a jet ski lift. Head up to the roof top deck with 360-degree views from beach to bay with plenty of seating. All just a short stroll to the beach, where you can glimpse the sunsets and mesmerizing changing colors at night. This home offers buyers the opportunity to own a fabulous one of kind bayfront estate that was once a popular vacation rental. The home has just had $500, 000 in new upgrades to the home, including 5 central heat and air units, new counter tops, new flooring, new garage doors, new tile around the pool, all new paint and wallpaper, light fixtures, furnishings, new washer and dryer and a beautiful home theater and game room for everyone to enjoy! Situated near the sugary sands of Anna Maria Island with the beautiful character of timeless architecture, this is a true bayfront oasis. Don’t miss an amazing opportunity to make this serene island sanctuary your own.
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Our Executive Mortgage Banker:
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$9,249,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 617.680.4819
Tom.Genereux@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $7,399,200 | $7,399,200 | $7,399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.811% | 6.475% | 6.309% |
Monthly Tax Payment | $4,892 | $4,892 | $4,892 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $44,362 | $46,161 | $62,939 |
Total Monthly Payment | $49,379 | $51,178 | $67,956 |
* 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.