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This may be one of the most beautiful waterfront lots for your residence. This is an opportunity to either restore the current beach home or build a new home.
Spend your morning waking up to a gentle fresh air breeze. Sip morning coffee on your private lanai overlooking the water. See dolphin, manatee playing in the water. Launch your kayaks and paddle boards from your back yard. For Boaters- you have a deep water area with a nice newer composite wood dock, railings and lift. It’s just minutes from your dock to John’s Pass to be out in the Gulf waters by boat. There’s a fish cleaning area with water and electric on the dock too. The grounds have a lush mature landscaping feel. Lots of privacy. Pretty pavers surround the in-ground spa that overlook the water. Sit in the spa to warm in the winter or to cool off in the summer sun. Cook out, on the chef style outdoor kitchen grill. Pack a lunch & walk to the beach. Spend you day resting in the sun, collecting seashells, making sandcastles or going for an exercise run. Or stay home and take a dip in the salt water from your own back yard beach. .
The floor plan of the home is open and spacious. The high ceiling, windows and glass doors bring the waterfront scenery inside. The house has not flooded for the current owner all these years but with hundreds of other properties in Florida, it did get water inside during the storm on of Sept 26, 2025. The property has already been cleaned out by a professional company since then. And more Great News, -The address has received a letter from the City saying it is NOT Substantially damaged. The seller has already received a new ACV Appraisal that has been approved by The City of MADEIRA BEACH, too! The property is amazing. Words can’t express enough. The view and beach experience say it all!
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $680,000 | $680,000 | $680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.739% | 6.581% |
Monthly Tax Payment | $1,102 | $1,102 | $1,102 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,132 | $4,354 | $5,877 |
Total Monthly Payment | $5,326 | $5,548 | $7,071 |
* 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.