BREATHTAKING BEACH VIEWS from this Palm Island Resort "Beach Villas" condo. You can almost hear the steel drums and taste the pina coladas as you experience the tropical vibes given from this completely updated unit being sold furnished. All you have to do is grab a hat and hit the 7 miles of pristine white sandy beach covered with treasures (colorful shells, sharkâs teeth, sea glass & such). This stunning unit boasts white, contemporary porcelain flooring. . . designed for coastal living, plantation shutters, a beautifully designed kitchen with a stunning backsplash, newer appliances & systems and views galore. You can feel the sea breeze and hear the waves come along shore as you relax on the screened lanai which offers a shady spot to relax & unwind, storage and unobstructed views of the turquoise waters beyond. Palm Island Resort offers endless amenities including, bell service, security, Rum Bay Restaurant, a clubhouse, dockage, tennis courts, ice cream shop, gift shop, bike, golf cart, kayak rentals and so much more. Islanders in the resort get to and from via golf cart or bicycle keeping in tune with the laid back coastal living which makes the island so unique and special. Excellent rental potential too!
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Our Executive Mortgage Banker:
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$399,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.171% | 6.538% |
Monthly Tax Payment | $276 | $276 | $276 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,205 | $2,122 | $2,737 |
Total Monthly Payment | $2,556 | $2,473 | $3,088 |
* 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.