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Just steps from beach access, this duplex on Venice Island offers a rare opportunity for flexible coastal living and potential income. Each unit includes two bedrooms, two baths, a kitchen, a living room, a dining area and a utility room, ideal for extended family use or owner occupancy with rental income from the second unit. An expansive pool deck surrounds a large pool, ideal for outdoor enjoyment. Recent improvements include a newer roof and air-conditioning systems. While the property experienced flooding from a recent hurricane, it has been professionally dried and is now ready for restoration or redevelopment, offering a clean slate in a premier location. Venice Island is a charming Gulf Coast city known for its historic downtown, boutique shopping, dining options and local municipal airport. This neighborhood delivers a relaxed coastal lifestyle with everyday conveniences nearby. Membership in the Golden Beach Association is optional, but for just $50 per year, you can enjoy exclusive benefits including access to a private beach easement. Take advantage of the peaceful setting and private beach access. Whether you renovate or reimagine, this property presents a compelling opportunity on Florida’s sought-after Gulf Coast.
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Our Executive Mortgage Banker:
Our Insurance Division:
$999,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $799,200 | $799,200 | $799,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.911% | 6.764% | 6.666% |
Monthly Tax Payment | $849 | $849 | $849 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,921 | $5,117 | $6,962 |
Total Monthly Payment | $5,862 | $6,058 | $7,903 |
* 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.