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421 20th Avenue
Indian Rocks Beach, FL 33785
$3,499,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
3846
Property Description
Welcome to your waterfront Seaside Sanctuary nestled along the intracoastal waters of historical IRB Florida. This magnificent residence offers the epitome of luxury beach living. Boasting unparalleled waterfront views and exquisite amenities throughout. There is nothing left to do in this home that was built for maximum comfort and ultimate relaxation. The home boasts 5 bedrooms and 5 full baths and is 3,846 sq feet. The exquisite amenities include a stunning salt -water pool and spill-over spa perfect for entertaining guests. The backyard space covered in beautiful travertine also boasts a covered outdoor kitchen with a 42- inch natural gas grill, a built -in fire pit and outdoor entertainment center with a high end 75 inch full sunTV. Imagine sitting in your pool and watching your favorite show from your pool float, drink in hand! Just past the walk -in pool and through the seawall fence you will find a large composite deck with plenty of room for your beach equipment, a platform that can hold 2 jet-skis and a separate 20,000 lb boat lift. The home showcases impeccable craftsmanship and attention to detail. As soon as you walk into the custom-made double front doors and into the expansive foyer you can see that no expense has been spared. This beautiful entryway has views of the intracoastal water way and leads into the modern chef’s kitchen, with granite countertops, a gas range, double refrigerator and brand-new ice machine and wine cooler. The open concept kitchen and dining area also has a fireplace for those nights you want to watch the sun go down while making dinner for the family. There are 3 large bedrooms on the main floor, one of which was used as a home gym where a jacuzzi tub was installed for the ultimate cool down after a hard work out. The floor to ceiling sliders seamlessly blends the indoor and outdoor living spaces and can be left open to enjoy the salty sea breeze from the Gulf of Mexico. Convenient amenities include: a pool shower and bathroom just steps from your outdoor private oasis. The state-of-the-art laundry room connected to the pool bath and 2-car garage ensures that the rest of your home remains sand and water free while going back and forth from the beach to the pool. Speaking of, the beach is only a short walk, bike, or golf cart ride away. You truly have the best of both worlds! Ascend to the Master bedroom where panoramic vistas await. Step through the elegant French doors onto your balcony commanding views of the pool and sparkling waterway. A convenient spiral staircase grants easy access to the pool day or night. Within the en-suite a dual fireplace connects the large jacuzzi tub to the master suite, complemented by his and her vanities and a generous shower with dual heads and a linen closet. Adjacent to the fireplace lies a cozy lounge area and an in-room bar for your coffee or cocktails alongside a very large walk in closet. Additionally, a guest bedroom and bath are on this level ensuring comfort and convenience for visitors. Perhaps one of the most stunning features of this home is the 3rdfloor. This literally elevated home office, gym or even an art studio is surrounded by windows and French doors that open to yet another private balcony and the most spectacular views of the island- Everything in this house has been meticulously thought out so all you have to do is move in!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1964
MLS Number
U8239647
Location
Address
421 20TH AVENUE
City
INDIAN ROCKS BEACH
State
FL
Zip Code
33785
County
PINELLAS (CENTRAL)
Listing
Provider
The Ambrosio Group Real Estate, original listing
Name
The Ambrosio Group Real Estate
Phone
(727) 433-0372
Office Name
THE AMBROSIO GROUP
Office Phone
(727) 433-0372
Agent Name
Frank Ambrosio

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.