tomo logo

$359,000

Beds
3
Baths
1.0
sq ft
1,222

520 S Bayshore Dr, Madeira Beach, FL 33708

520 S Bayshore Dr

MADEIRA BEACH, FL 33708

  • 36 days on market
    • Price drop $11,000↓
Motivated make us a great offer. Before and after photos are in the listing. Nestled in the tranquil Gulf Shores community, this solid block 3-bedroom, 1-bathroom home, offers an unbeatable opportunity for coastal living at a remarkable value. Situated at 520 S Bayshore Drive in Madeira Beach, FL, this property exudes historical charm while providing ample modern potential. Floor plans available, the home allows for endless customization. The home features newer impact windows and sliding glass doors, it also offers space to add an additional bedroom and bathroom. Recently affected by Hurricane Helene, remediation is underway, presenting a blank canvas for buyers to design their dream beachside retreat. Investment Opportunity: Priced to reflect its current condition, this property is perfect for those looking to create a vacation getaway, rental property, or personal escape, all just minutes from the Gulf of Mexico. Showings: By appointment only with your REALTOR. For your safety, please do not walk the property without a confirmed appointment. Floor plan renderings for a 3-bedroom, 2-bathroom layout with a bonus room are included as the last photo. Purchase Terms: Cash buyers only. No wholesalers, assignable contracts, or subject-to offers. Seize this rare opportunity to build your vision in a prime coastal location. Your dream beachside home is within reach bring us a great offer!

Details

Property type

Single Family Residence

Est. home value

$577,591

Property condition

Fixer

Lot size

5,027 sq ft

Price per sq ft

$294

Year built

1957

Annual property taxes

$6,211.72

HOA

No

Price History

12/02/2024
StellarMLS

StellarMLS #TB8321178

Price change
$359,000
-10.25%
11/18/2024
StellarMLS

StellarMLS #TB8321178

Listed
$400,000
-33.22%
05/21/2024
StellarMLS

StellarMLS #U8227351

Removed
$599,000

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

-$3,898
Asking price
$359,000
Closing costs (~8% of asking)
-$28,720
Est. remaining loan balance
-$334,178
Cash to seller
-$3,898

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

Seller’s Loan History

Lender

Amerisave Mortgage Corp

Loan start date

August 2021

Original loan amount

$359,920

Est. remaining balance

$334,178

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Candace C Tice and John R Tice

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?

Similar Homes Nearby

Price drop
StellarMLS
$399,000
3 bd
|
1 ba
|
1,068 sq ft
|
House

10512 51st Ter N, Saint Petersburg, FL 33708

StellarMLS
$374,900
2 bd
|
1 ba
|
869 sq ft
|
House

364 144th Ave, Madeira Beach, FL 33708

StellarMLS
$335,000
1 bd
|
1 ba
|
635 sq ft
|
Condo

259 Medallion Blvd Unit B, Madeira Beach, FL 33708

Status: Active

Tomo last checked: 12/23/2024 at 10:05 PM

Listing updated: 12/02/2024 at 8:54 AM

Listed by: Larry Fischer, LPT REALTY, LLC. Phone #: (877) 366-2213

MLS: StellarMLS #TB8321178

StellarMLS logo

Recently listed in MADEIRA BEACH