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Offered at just **$122, 500—well below current tax-assessed and AVM values—**this waterfront property at 14612 Coral Drive in Hudson presents a compelling opportunity for experienced investors ready to take on a full-scale renovation.
Located in the Gulf Side Villas community, this home sits along a saltwater canal with direct access to the Gulf of Mexico, making it a prime candidate for redevelopment as a personal waterfront retreat or income-producing asset. The lot offers tranquil canal views and potential for outdoor living spaces tailored to Florida’s coastal lifestyle.
The structure sustained significant flooding and interior damage during the Fall 2024 hurricanes. Interior walls have been removed down to the studs, exposing the framing. No repairs have been initiated. The home will require a complete rebuild, including evaluation and likely replacement of electrical, plumbing, HVAC systems, insulation, drywall, cabinetry, and finishes. What remains is a blank canvas ready for transformation.
The existing layout offers approximately 1, 184 square feet, with 3 bedrooms, 2 bathrooms, and covered porches at the front and rear. Whether the end goal is long-term rental, seasonal use, or resale, the possibilities are strong for those equipped to restore value.
This is a cash-only sale, intended for buyers with the resources and experience to navigate a full renovation. Located minutes from Hudson Beach, marinas, waterfront restaurants, shopping, and medical facilities, the property offers both short- and long-term investment potential.
Serious inquiries only—bring your vision, crew, and coastal know-how, and seize the chance to rebuild on the water.
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Our Executive Mortgage Banker:
Our Insurance Division:
$122,500
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 | $98,000 | $98,000 | $98,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.037% | 6.152% |
Monthly Tax Payment | $367 | $367 | $367 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $611 | $644 | $820 |
Total Monthly Payment | $1,053 | $1,086 | $1,262 |
* 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.