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Presented by
Barbara Pompea |
Location, location, location! One of the closest single-family-residence to the mid-city public beach access point next to the JW Marriott Marco Island Beach Resort just across the street! Introducing 291 W Flamingo Court, on Marco Island`s beloved South end. HIGH AND DRY! Ideally located this home is just across from Marco Island's world-famous beaches. With a proven income history as a seasonal rental, this well-appointed home on South Marco comes with a Turnkey short-term rental system, offering both comfort and convenience for those looking to soak up the sun, with the option to rent. Proven rental history -successful short term rental WITH OVER $150, 000 in rental income in ANNUALLY (2024/2025)! Rental income of $115K in 2021 and $122K in 2022. 291 W Flamingo is an established, and successful rental property with nearly 50 5-star reviews! TRANSFERRABLE BOOKINGS FOR 2026! Masterfully crafted with no stone left unturned, this home features quality at every corner. Featuring an open concept and 3-bedrooms 2-baths, with just under 2, 000 SqFt under air. Ideal floor plan features an open concept, screened-in pool, expanded pool deck, New AC, Newer Pool (2017), Circular driveway, 2-car garage, oversized kitchen, and MORE! Large living spaces and split bedrooms, complement the open concept, and emphasize the home's overall functionality with no wasted space. The exterior corner lot is a true showstopper with a circular driveway and recently enhanced with new sod, lush landscaping, mature trees, and professional landscape lighting that create instant curb appeal and a resort-like feel around the pool and yard. Ideal for any lifestyle, this South Marco home has it all! Located in the heart of South Marco Island, seconds away from South Beach and Residents Beach. Discover all Marco Island has to offer, and then some! Property available immediately. CUSTOM upgrades throughout you do NOT want to miss out on this one! HIGH AND DRY with a TRANSFERRABLE FLOOD POLICY!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,199,999
Sales Associate
William Raveis Real Estate
Phone: 617.519.5039
Barbara.Pompea@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $959,999 | $959,999 | $959,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.046% | 5.846% | 5.700% |
| Monthly Tax Payment | $800 | $800 | $800 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,301 | $5,602 | $7,844 |
| Total Monthly Payment | $6,226 | $6,527 | $8,769 |
* 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.