Treasure Island House Rental Photos and Description
4 Br 3.5 Bath Home On The Inter-coastal 4 Minute Walk To The Most Gorgeou
PLEASE READ THE ENTIRE DESCRIPTION!!!!!!!!
THERE ARE NO SHORT TERM RENTALS AVAILABLE THE MINIMUM IS 30 DAYS OR THE LEASE TERMS AS FOLLOWS:
10 Year Zero $ Leases of which there are only 5 available on this property. 5 lucky lessees will get 10 weeks of usage for 10 years and then have the option of receiving their original lease amount paid back to them or to buy their share of the property at 90% of the appraised market value at that time. Depending on the time frame selected the prices will range from $120,000 to $140,000 which again is refundable at the end of the 10 year lease. If financing is desired it is available at 5.95% amortized over 30 years with 20% down. The amount refunded for financed transactions would be the down payment plus the principle reduction at the end of the 10 years.
Until the lease / buybacks are sold the property will only be rented for a minimum stay of 30 days, sorry no other lengths of time can be accommodated.
- Long-term Renters Welcome
- Minimum Age Limit for Renters
- non smoking only
- wheelchair inaccessible
About Greg Duckert
I am a CPA and an auditor by profession. I have extensive backgrounds in both real estate and health care. My wife Dina the love of my live lost her battle with cancer on December 26th, 2013 and that is the reason for the sale of the 11 shares. I and my children will remain 1/12th owners of the property. All leases will be secured by an equitable interest in the property at the end of the 20 year leases if there would be a failure to repay the lease in total and 50% of the monthly fees, but this will not occur under any circumstances.
I live by my word always, it comes from my Wisconsin upbringing.
Any and all payments of leases and financing will be made directly to me as arranged by contacting me at my email address which is firstname.lastname@example.org.
Greg Duckert purchased this house in 1997
Why Greg Duckert chose Treasure Island
I have owned property in the Treasure Island area since the 1980's and have never found a better place in Florida to be. It is laid back and beautiful and convenient to everything. You can rent a boat or bring your own and leave from your back dock for the numerous restaurants and establishments up and down the inter coastal or walk to the beach and enjoy the numerous establishments there. It has a fireplace for that homey feel if desired and will make you feel like it's yours and you feel great when you walk in the door.
So, why wouldn't you do this, I don't know?
What makes this house unique
Where else are you going to be able to have a beautiful location to go on vacation and have it virtually or literally cost you nothing. In addition, why own a vacation home and have all the headaches. Just think about it logically. Using an average cost per person per rental night in this area at $25 which would be for 8 people $200 per night or a $1000 per week the cost for 4 weeks over 20 years or 80 weeks is $80,000. That is all money wasted and that is with no cost escalation over that time period. Let's just be conservative and say the total is $100,000 for 20 years. On the actual cost for the 50% of the fees not returned if you did nothing the savings alone from not renting hotels would equate to a 13.66% return on the money spent. BUT EVEN BETTER YOU COULD RENT THE TIME YOU DON'T USE AND MAKE MONEY ON YOUR INVESTMENT!!!!!! This is of course subject to very strict guidelines on lessee accountability where no lessee nor anyone they rent too will be allowed to diminish the quality nor the condition of the property without being help financially responsible, without exception. This will guarantee that all lessees will have the full enjoyment of a quality vacation in a quality property that feels like home.