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  • 2
  • Florida
Price £172,000
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Property Description

On the beach St. Petersburg-Clearwater. Redington Shores, 18320 Gulf Blvd. Unit 301. This 2 bed-room, 2 bath, +/- 1233 sq. feet large apartment with almost 10 ft. tall ceilings and fire sprinklers also features an utility room next to the open kitchen and bar and large patio/balcony and is located in a 39 unit small 7 story condominium complex with pool and jacuzzi directly on the famous very wide white powder-sand beaches, many, many miles long.

Panoramic views over the blue-green mostly very calm waters of the Gulf of Mexico, the seabird sanctuary and over the intra coastal waterway (traveled upon by luxury yachts) and views over miles of wetlands and green parkland in the back-ground. This attractive part of the West Coast of Florida called Redington shores, as part of greater Tampa Bay features everything including thousands of restaurants, many golf-courses, museums, and shopping malls about one every couple of miles inland all of this only 45 minutes from Bush Gardens or another 45 minutes to the Disney gates so one can decide on a daily basis whether to start the day walking on the fabulous beaches and then launch your boat from the boat-ramp in the back of the condominium complex and dock at one of the many waterfront restaurants, or go fishing from the fishing pier in front of the apartment or once in a while visit nearby Bush Gardens or Orlando or just watch the birds from the large patio/balcony and enjoy the Panoramic views all around.

Very few apartments have this never-boring, always- changing, panoramic view which is even intriguing a night. Many restaurants are within walking distance. St. Petersburg International Airport and Tampa International Airport are half an hour drive. All facilities, including quality health care, schools and universities nearby. The building, a strong concrete structure, is elevated against flood from hurricanes and has a lobby and elevator and covered parking facilities underneath and around the building. Additional laundry facility in the building. The climate and temperature in the fall and winter in this part of Florida is ideal for retirees to escape the cold at home as Spring and Summer are often considered too hot for them. During the Florida Fall and Winter there is lesser traffic and no parking problems and no lines in restaurants or golf-courses; this is the ideal destination for the retiree to spend winter every year.

FINANCIAL
The Purchase price of this Property is US$ 350,000

Due to the strong rental history, easy financing is available with 20% down at only 4.9% fixed interest for 18 months and thereafter 5.9%/annum. Basic furniture/furnishings are included.

Optional program for retirees who desire to escape the cold in the fall-winter period; high-end-tourist company prepays at the completion of the purchase 50% of the down payment and 50% of the purchase price for 50% of the ownership of the unit connected with the use of the summer season (last Saturday of February till 2nd Sat of Sept) provided +/-10% of the purchase price will be spent in unit-upgrades to create a wonderful interior in the apartment for you and the tourist company's selected tenants. This option, if exercised by you, cuts not only the down payment and purchase price in half but also cuts in half the interest on the mortgage note, the association fees, the property tax, and the in-unit expenses. With this FIFTY - FIFTY ownership you can escape the cold at home in the fall and winter and use the luxury apartment from the 2nd Sat of Sept. till the Last Sat of February without any worries about whether or not you generated enough income during the spring-summer period to cover expenses. Legally, you can sell your 50% ownership separately without the consent of the other 50% owner.

PROPERTY RIGHTS
If for instance you would rent the apartment for a portion of the fall-winter period you own to other retirees, your own remaining 90 days annual cold escape may cost you absolutely nothing while in addition you or your love-ones may enjoy an increase in value. Your ownership is fee simple and is guaranteed by title insurance. Property ownership ship laws in Florida protects you from AtoZ in such away that your investment in other oversees countries may make you feel unsafe or un-secured. Same applies to the medical facilities and first aid response which services in the Tampa Bay area are un-matched. Nowhere in our experience is the respect for the retiree or those in need of assistance greater than in the USA in general and the Tampa Bay area in particular. Economists expect the US dollar exchange rate to remain relatively low for the oversee-able future; enjoy the low prices and the low cost of living every fall-winter in this full-service-country.

ABOUT US
Our group finances qualified properties of certain developments in Florida, Bahamas and Mexico under these special conditions. (the PARADISO programe). For inquiries, email Jacques@grupoparadiso.com or Antoinette@grupoparadiso.com

WHAT's NEXT
Ask any question by email about his or other properties under the Paradiso program. We can help you book inspection trips to the Properties in Florida, Bahamas and Mexico. If you like the Property the Title Insurance Company will take over and provide you with all documents and title insurance policy. The closing cost including the mortgage note is about 4%.

Bedrooms : 2
Swimming Pool : yes
Heating : central heating and airconditioning
Furnished : yes.

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