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$1,195,000

Beds
3
Baths
2.0
sq ft
1,105

231 E Madeira Ave, Madeira Beach, FL 33708

231 E Madeira Ave

MADEIRA BEACH, FL 33708

  • 145 days on market
    • Price drop $100,000↓
Don't Miss Out on This Incredible Opportunity: $100K Price Reduction! Discover the epitome of "Location & Charm" in this splendid waterfront bungalow nestled in the highly sought-after Boca Ciega Bay. Now offered with a massive $100,000 price reduction, this south-facing gem provides breathtaking views and direct access to the ocean via Johns Pass. This charming home features a delightful separate "Guest" suite with its own private entrance, perfect for a mother-in-law suite, hosting visitors, or creating your own personal retreat. Imagine starting your day with a cup of coffee on the covered back porch and ending it with a glass of wine as you watch dolphins and other marine life in their natural habitat. Fishing and crabbing enthusiasts will be thrilled with the private dock, which offers a tranquil spot to enjoy your favorite pastime. Inside, the open living room and dining area boast panoramic water vistas, while the kitchen is fully equipped with 42” cabinets and stainless-steel appliances. Two spacious bedrooms retain their original charm with built-in storage. The adjacent guest suite is newly renovated, featuring a luxurious bathroom with subway tile, a walk-in shower with a glass door, and a versatile space that can serve as a guest room, art studio, or home office. The newer Trane AC unit ensures comfort year-round. Outside, you'll find ample storage for all your beach essentials and plenty of parking space. The property also includes two boat slips with 400 AMP electrical and water connections, making it easy to dock your boats. Experience the finest in Florida living in vibrant Madeira Beach, with easy access to Johns Pass, the beach, top-notch dining, entertainment venues, dog parks, and more. This turn-key home is ready for you to move in—just pack your bags, your toothbrush, and your favorite boat to begin your dream coastal lifestyle. Tenant occupied, this incredible opportunity requires the presence of the list agent for showings. Act fast—this won't last long!

Details

Property type

Single Family Residence

Est. home value

$1,245,940

Lot size

4,500 sq ft

Price per sq ft

$1,082

Year built

1950

Annual property taxes

$7,487

Price History

08/13/2024
StellarMLS

StellarMLS #U8240577

Price change
$1,195,000
-7.72%
04/26/2024
StellarMLS

StellarMLS #U8240577

Listed
$1,295,000
+43.89%
06/15/2022
StellarMLS

StellarMLS #U8157731

Sold
$900,000

Schools & Community

Elementary school: 

Orange Grove Elementary-PN

Middle school: 

Seminole Middle-PN

High school: 

Seminole High-PN

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

$329,332
Asking price
$1,195,000
Closing costs (~8% of asking)
-$95,600
Est. remaining loan balance
-$770,068
Cash to seller
$329,332

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

Seller’s Loan History

Lender

Nfm Inc

Loan start date

June 2022

Original loan amount

$796,900

Est. remaining balance

$770,068

Interest rate

5.1%

Loan type

New Conventional, 30 year

Seller

Dallas Nash and Rena Curtis

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: 09/18/2024 at 7:55 PM

Listing updated: 08/13/2024 at 1:14 PM

Listed by: Valerie McClary, EXP REALTY Phone #: (727) 592-2286

MLS: StellarMLS #U8240577

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