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Welcome to your Penthouse Madeira Beach paradise — a coastal condo that’s as profitable as it is peaceful. The showstopper? A massive, PRIVATE rooftop terrace (almost 1, 000sf) with panoramic Gulf and Inlet water views. Whether you’re relaxing on the patio furniture, enjoying sunsets over the water, or watching dolphins and manatees play in the nearby channel, this home offers experiences few others can match. Two additional balconies offer perfect views for sunrise coffee or sunset cocktails.
Perched on the top floor end-unit, this 3 bedroom, 3 full-bath home spans almost 2, 000 square feet of bright, breezy living. Offered fully turnkey, it features stylish furnishings, smart TVs in every room, desks for remote work, indoor laundry, and smart thermostats. Split floor plan including King and Queen bedrooms both with ensuite bathrooms and the 3rd full bathroom is handicap accessible. Ceramic tile flooring and laminate throughout entire unit.
Other perks include a sparkling heated pool, secure building entrance, elevator access, and two docks where you can park your boat, launch a kayak or soak in the marine life. Whether you're a snowbird or investor, this vacation rental income property is the total package. Zoned Condo-Hotel with NO MINIMUM days of rental requirement makes it a great investment property, already established with rental income. Ideal for seasonal owners or income-focused buyers.
Easy access to airports, highways and shopping. Ample parking for you and your guests. A café downstairs, the beach across the street, and amazing walkability to restaurants, shopping, entertainment, boat/fishing charters, bike/scooter/golf cart/jetski rentals — it’s Florida living at it’s finest. You don’t want to miss out on this opportunity!!!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,200,000
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 | $960,000 | $960,000 | $960,000 |
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% | 6.727% | 6.560% |
Monthly Tax Payment | $859 | $859 | $859 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,833 | $6,147 | $8,297 |
Total Monthly Payment | $6,817 | $7,131 | $9,281 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.