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Very low maintenance and boat dockage fees!!! What's special _ Enclosed balcony, fully furnished & new A/C. This 2nd floor unit is awash in natural light - back windows reveal a stunning view of beautifully landscaped gardens. Move right in because this unit can be purchased fully furnished. An elegant neutral tile floor stretches throughout the entire unit, perfect for the Florida climate and enables easy upkeep. New air conditioning installed in October 2025! This unit has an enclosed, air-conditioned balcony set up as a quest bedroom, making this unit a smart buy in this sought after neighborhood on Hutchinson Island. It can be accessed thru large sliding glass doors from the Living Room and the Master Bedroom. What a great buy! Oh yes!! The Colonnades is an active community for 55+ adults with several social clubs and a long list of activities, something for everyone: -Pristine 25-yard lap pool with spacious deck and outdoor patio with plenty of seating. Just refurbished in 2025. -Well-appointed spacious clubhouse adjacent to the pool has locker rooms, sauna and even exercise equipment. A lending library provides the perfect spot to catch up on reading, and there's also a multipurpose room and a billiards room for neighbors to mingle. -Other outdoor activities include tennis, bocce ball and shuffleboard courts. -Homeowners can also spend time fishing at the community dock. -The entire complex is beautifully landscaped and crisscrossed with walking and biking trails. -HOA fees cover access to all of these fabulous recreational facilities, as well as lawn care, sewer and water and trash removal. Attention boat owners-The Colonnades also has a deep-water reasonably priced marina, with ocean access, that rents boat slips accommodating up to 52-foot boats with electric and water provided plus dry boat storage for community members making it more convenient to enjoy water activities. Location, Location, Location! The Colonnades has an ideal location nestled between Causeway Island and the rest of South Hutchinson Island. Bordered on one side by the quiet waters of the Indian River Lagoon and on the other side by the Atlantic Ocean, all in walking distance, this island is a peaceful oceanfront paradise. The adjacent neighborhoods are upscale and well established, with some multi-million-dollar waterfront homes.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $132,000 | $132,000 | $132,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.307% | 6.292% | 5.561% |
| Monthly Tax Payment | $253 | $253 | $253 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $770 | $802 | $1,061 |
| Total Monthly Payment | $1,098 | $1,130 | $1,389 |
* 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.