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Welcome to Don Pedro Palm Island. This home is uniquely located on sailboat deep water with one of the largest open views of Old Bocilla Pass. These properties rarely become available. You have the opportunity to purchase this Key West Pole Barn designed home with large wrap around covered porches, a separate free standing 12x16 shed/work shop plus a private dock with AZEK decking and 10, 000-pound boat lift all situated on an oversized parcel that has plenty of space for a private pool. No bridges to the ICW and the Gulf of Mexico for your boating pleasure. As you enter the home, you'll notice the vaulted ceilings, southern pine walls, and open floor plan. 3 sets of glass sliders in the great room that bring the outdoor living indoors with access to the covered porches. There's also a wood burning fireplace surrounded by a coral mantel. The spacious updated kitchen opens to the dining and living area for easy entertaining. There is a beautiful second floor loft with travertine flooring plus an office space, large entertainment area plus the primary suite that offers two sets of French doors and beamed ceilings. The primary bath offers dual sinks, updated cabinetry and walk in shower. The third-floor bedroom does not have a door or closet but is considered to be a 3rd bedroom by county records. Please call to view this custom home with high impact windows or accordion hurricane shutters with many recent upgrades including in 2024 upgraded electrical, hardy board siding, crab trap and hot water heater. In 2023 new HVAC system. In 2022, a new metal roof on the house and shed and in 2019 plumbing upgraded to PEX, plus in 2018 a new drain field. Come see what Palm Island has to offer.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,149,000
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
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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 | $919,200 | $919,200 | $919,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.750% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 5.858% | 5.806% |
| Monthly Tax Payment | $508 | $508 | $508 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,076 | $5,364 | $7,572 |
| Total Monthly Payment | $5,709 | $5,997 | $8,205 |
* 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.