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This Key West Style Home offers 2 bedrooms with 2 baths and is a great value with premium features for waterfront living on Palm Island. This home is situated on Bocilla Lagoon which is a 300 ft waterway with access to the ICW and The Gulf of Mexico. Exterior features of this property are a private dock and 10, 000l# boat lift (installed in 2024), irrigation well, recently painted, hurricane shutters, septic (installed in 2021), large 1, 480 sf open deck with a pergola. Complete outdoor shower facility and there's room for a pool. Enter into the spacious living area thru 6x12' pocketing sliders, you will immediately notice the vaulted ceilings and large open floor plan as well as the same tile flooring throughout the entire home. The interior of the home is nearly painted with the same neutral color throughout plus new window treatments and all new matching contemporary fans. The kitchen has wooden cabinets with soft close drawers and doors, quartz countertops and stainless-steel appliances and sink. The spacious primary bedroom is an ensuite. For those relaxing sunset evenings, there is a 10x28' covered, screened and carpeted lanai located waterside. Located on the ground level is a LG air-conditioned bonus room, (270 sf) with new sliding and 2 passage doors, as well as new windows and treatments. The separate laundry room (180 sf) has a washer and dryer (2024), hot water heater (2025) as well as an adjacent storage room. Ground level rooms have new vinyl plank flooring. Welcome to Palm Island Living. Seller has installed as of December 2025 a new 3 ton Trane outside condenser as well as an inside air handler. Warranty may be transferrable.
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Our Executive Mortgage Banker:
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$949,900
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
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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 | $759,920 | $759,920 | $759,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.353% | 6.121% | 6.038% |
| Monthly Tax Payment | $967 | $967 | $967 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,375 | $4,556 | $6,361 |
| Total Monthly Payment | $5,433 | $5,614 | $7,419 |
* 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.