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$1,200,000

Beds
3
Baths
3.0
sq ft
2,160

249 Boca Ciega Dr, Madeira Beach, FL 33708

249 Boca Ciega Dr

MADEIRA BEACH, FL 33708

  • 39 days on market
Property consists of Three ADORABLE Cottages on Boca Ciega Bay with Direct Access to the Intracoastal Waterway and minutes to the Gulf of Mexico. Income generating property or build your dream home on 80 feet of Waterfront! There are 3 residences / cottages on 2 lots (80 x 95). You are only a few minutes walking distance to the World-Famous Gulf BEACHES and John’s Pass Village – home to many shops, restaurants and entertainment including sunset dinner cruises, fishing, dolphin watching tours and more! There are THREE 1 BR / 1 BA homes each with 720+ SF - Cottage #249 has a Florida Room. Property Use is zoned Single Family (0810) however the Land Use is Multi-Family less than 10 units (08). Each cottage has beautiful WATER VIEWS! The property is Zoned R2. You can rent out the 3 cottages (3 month minimum), take down the cottages and built a new duplex or new elevated single family residence. The lot size is incorrect on the public records - the total lot size is 80 x 95 (combined of both lots) or 7600 SF. Private & secluded location in a truly NAUTICAL NEIGHBORHOOD! Pictures shown include images prior to storms and also images showing current condition post storms.

Details

Property type

Single Family Residence

Est. home value

$1,054,105

Lot size

0.29 acres

Price per sq ft

$556

Year built

1930

Annual property taxes

$13,849.05

HOA

No

Price History

12/14/2024
StellarMLS

StellarMLS #TB8329260

Listed
$1,200,000
+50%
08/18/2021
StellarMLS

StellarMLS #U8124420

Sold
$800,000

Schools & Community

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

$548,259
Asking price
$1,200,000
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$555,741
Cash to seller
$548,259

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

Seller’s Loan History

Lender

Pennymac Loan Services Llc

Loan start date

August 2021

Original loan amount

$600,000

Est. remaining balance

$555,741

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Brittany Nicole Lynn

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: 01/22/2025 at 6:25 PM

Listing updated: 12/15/2024 at 6:51 AM

Listed by: Lisa Mauriello, CHARLES RUTENBERG REALTY INC Phone #: (727) 538-9200

MLS: StellarMLS #TB8329260

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