$99,000
Pending · 37 days on market · MLS# MFRT3476573
| Bedrooms | 3 |
|---|---|
| Bathrooms | 3 |
| Living area | 1,386 sq ft |
| Year built | 1981 |
| Property type | Condo - Hotel |
| Private pool | Yes |
| Waterfront | Yes |
| HOA fee | $2,751 |
| Annual taxes | $1,023 |
| County | Pasco |
One of the most sought after 3 bedroom / 3 bath downstairs condo-hotels has finally come available. (This can close immediately without having to wait by taking over the buyer's negotiated contract.) It is close to Resort Center and with a water view looking out from the living room and the lanai. You have a view of the two water fountains in the pond right across your condo. This is one of the condos where at closing you sign an agreement with the Resort Hotel to use your condo only 45-days a year. This is one of the 45-day condo-hotels that you, the owner can use and the Resort hotel uses your condo 320-days. It is an investment / second home purchase. Every quarter a distribution is arrived at by the Accounting Department collecting all the revenue that came in from both sides of the 3 bedroom units and after expenses the condo owners are given 45% and the Resort 55%. Because your 3 bedroom is considered a Type C1 (179 units) and a Type A (97 units), you receive two Distribution Statements each quarter. Remember the distribution is not just from the revenue of only your condo, no no... it is for all the same type. and each side gives you 45-day use for a total of 90-day use if you only use each unit the 45 days each time you were in residence. You are close to the main Resort, close to the swimming pool, the restaurants, the grill, valet, golf and tennis, fitness, and your concierge is nearby to get you set up with all the activities you want to take part in when you are not just chilling reading or watching tennis or golf in your condo. It is bright and cheery inside the condo and it is one of the repeat renters favorite request-stays. The attachments may answer your questions. Accuracy of all the information is deemed reliable but not guaranteed and should be independently verified.
Listing courtesy of Liz Alonso, CENTURY 21 BILL NYE REALTY. Presented by MC Homes Realty Inc · 727432218.