Presented byBarbara Fitzgerald |
Pre-Construction. To be built. Rare opportunity to build a private home exemplifying luxurious living on the beach, directly on the Gulf of Mexico, in the highly desirable Treasure Island community. Come build your semi-custom dream home on this expansive beach lot with room for a pool. Full block construction & impact windows / doors provide the strength and durability needed for a long lasting and secure home. This 3 story contemporary stunner has an open floor plan designed for both entertaining and comfort with 6 spacious bedrooms, 5 full bathrooms, ample parking, huge 2nd floor common area with kitchen / dining /living areas, an elevator, and options to add a pool and/or rooftop deck. You can make this space yours with full interior customization of fixtures and finishes. A 3-stop elevator allows seamless ease to go from floor to floor. The primary suite is located on the 3rd floor wit a large private balcony giving maximum views and a spacious ensuite bath providing spa like comforts.
This beachfront property truly is in an unbeatable location where you can own a private slice of paradise. Treasure Island is famous for its incredibly wide white-sand beaches, glistening turquoise waters, and panoramic sunset views. Additionally, you have easy access to many local restaurants, social clubs, golf, sailing, etc. and are only a short drive to Downtown St. Pete, Clearwater, and Tampa.
To Note: Owner has a lease for 9-10 additional adjacent parking spaces for someone wanting ample guest parking. Site currently holds a fully operational vintage beach motel, please do not access without listing agent coordination. All room sizes are approximate until we have full final construction plans. Renderings are digital creations and are not final selections & are being amended to show the actual beachfront location.
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Our Executive Mortgage Banker:
Our Insurance Division:
$8,990,000
William Raveis Real Estate
Phone: 413.565.2111
Barbara.Fitzgerald@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.604.0905
JohnCarlos.Machado@raveis.com
NMLS Mortgage Loan Originator ID 2064879
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $7,192,000 | $7,192,000 | $7,192,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.128% | 7.061% |
Monthly Tax Payment | $2,914 | $2,914 | $2,914 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $48,454 | $47,849 | $64,142 |
Total Monthly Payment | $51,493 | $50,888 | $67,181 |
* 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.