|
Welcome to Palm Island - Where Old Florida Charm Meets Waterfront Elegance. Discover a timeless coastal haven on Palm Island, where the gentle rhythm of the waves and the salty breeze create a serene backdrop for everyday living. This fully furnished elevated retreat captures the essence of the Florida lifestyle with quiet, shell-lined beaches, abundant wildlife, world-class fishing, and direct boating access from your private dock, featuring a 10, 000-pound lift and a cozy seating area just outside your back door. With no bridges between you and the Intracoastal Waterway or the Gulf of Mexico, your boating adventures begin effortlessly. Inside, the home offers 3 spacious bedrooms, 3 full baths, and a versatile loft ideal for a home office or den. The downstairs guest suite includes a private ensuite bath, while the second level reveals a sunlit loft with sweeping water views. The primary suite is a tranquil retreat with its own generous bath, and an additional guest bedroom is conveniently located near a full bath. Step outside to the expansive lanai, where multiple seating areas and umbrellas invite you to relax and take in the breathtaking vistas of historic Bocilla Pass. Vaulted ceilings with exposed beams and floor-to-ceiling glass doors fill the open-concept living space with natural light, creating a seamless indoor-outdoor flow perfect for entertaining or quiet reflection. Below the home, a shaded gathering space offers yet another venue for hosting friends and family. With impact-resistant glass, hurricane shutters, and a host of thoughtful upgrades, including a new metal roof installed in 2021, this home blends durability with coastal sophistication.
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:
$1,550,000
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 | $1,240,000 | $1,240,000 | $1,240,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.750% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.082% | 5.858% | 5.806% |
| Monthly Tax Payment | $1,364 | $1,364 | $1,364 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,944 | $7,236 | $10,214 |
| Total Monthly Payment | $8,433 | $8,725 | $11,703 |
* 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.