tomo logo

$1,950,000

Beds
4
Baths
3.0
sq ft
2,494

11050 7th St E, Treasure Island, FL 33706

11050 7th St E

TREASURE ISLAND, FL 33706

  • 31 days on market
Attention boaters! Here is your chance to own one of the most coveted waterfront properties on the Isle of Palms in Treasure Island. Nestled on .26 acres of prime real estate this sprawling waterfront lot (166ft) offers breathtaking views and direct access to Boca Ceiga Bay and the Gulf. A BRAND NEW sea wall and dock were installed just a few months ago! The dock was completely redesigned and expanded in 2024 made of Wear Deck composite and extra wide for ease and entertaining. The dock comes with 2 lifts - a brand new Neptune with 16,000lb capacity, a ski jet lift AND a place to launch your kayak. The existing home has sustained significant damage from Helene and Milton and so being sold AS IS, with no warranties - cash offers only. While the structure needs considerable repairs or potential replacement, the land itself remains an exceptional canvas for your dream home. Located just off Gulf Blvd on Treasure Island, it is less than a 5 minute drive to the beach, restaurants and shopping.

Details

Property type

Single Family Residence

Est. home value

$2,257,905

Property condition

Fixer

Lot size

0.26 acres

Price per sq ft

$782

Year built

1964

Annual property taxes

$13,312.44

HOA

No

Price History

10/23/2024
StellarMLS

StellarMLS #TB8312710

Listed
$1,950,000
-15.22%
09/28/2023
StellarMLS

StellarMLS #U8207629

Sold
$2,300,000
+206.67%
09/06/2011
StellarMLS

StellarMLS #U7481802

Sold
$750,000
-7.98%

Schools & Community

Neighborhood: 

Isle of Palms

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,348,201
Asking price
$1,950,000
Closing costs (~8% of asking)
-$156,000
Est. remaining loan balance
-$445,799
Cash to seller
$1,348,201

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

August 2008

Original loan amount

$650,000

Est. remaining balance

$445,799

Interest rate

6.42%

Loan type

Not Provided, 30 year

Seller

Denise R Remus and Patrick L Remus

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/23/2024 at 12:15 AM

Listing updated: 10/24/2024 at 6:51 AM

Listed by: Nadine Darling, RE/MAX PREFERRED Phone #: (727) 367-3636

MLS: StellarMLS #TB8312710

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