Great opportunity to buy this 2 bedroom/2 bath FRONT UNIT at South Seas Tower 4 on the beach with 7-day rentals allowed for investors! Nearly $44k in gross rentals booked for 2023 already + more coming! This 11 stack unit faces south & west which allows for extraordinary views of the beach, Gulf & pool! There is sun on the terrace all day long and you’ll never miss a watercolor sunset. In fact, every room has a view of the beach, Gulf of Mexico or pool, plus the front units have the largest terraces with knee walls at the base for child safety (rarely offered on terraces). Features: newer stainless steel appliances, newer carpeting in bedrooms, tile floors elsewhere, new impact glass windows & sliders, newer hot water tank, freshly painted interior & exterior, & newer window treatments. The condo amenities include heated pool, beach entry, tennis courts, pickle ball courts, boat slips for rent, exercise room, BBQ area, covered parking, entry gated, security guard, and spacious grounds to walk around the property. All common area hallways have been upgraded with new carpeting, paint and tile this year. Open parking, owner gets 2 parking stickers. Sold furnished.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$839,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $671,200 | $671,200 | $671,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.877% | 7.014% | 7.041% |
Monthly Tax Payment | $450 | $450 | $450 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,579 | $4,409 | $5,986 |
Total Monthly Payment | $5,121 | $4,951 | $6,528 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.