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Under contract-accepting backup offers. Paradise Bay Estates offers waterfront living without the waterfront price tag, and this furnished 2-bedroom, 2-bath home is truly a gem. Situated on an oversized lot with beautiful pavers and plenty of extra outdoor space to customize, this home captures the breezes and charm of being just one block off the bay. Sunshine, good weather, and the coastal lifestyle are waiting for your pleasure! Step through the bright, welcoming enclosed porch and into a kitchen that flows easily into the dining and spacious living areas, creating an inviting layout perfect for everyday comfort. The primary bedroom features a generous en-suite bath, and the home has been thoughtfully maintained with a newer A/C (2023), a newer membrane roof (2021), and—best of all—a history of no water intrusion or wind damage to the main home during recent hurricanes. The name “Paradise” truly fits this community. Paradise Bay Estates is known for its active, friendly lifestyle and top-tier amenities, including a clubhouse, heated pool, pickleball courts, fitness center, bocce, shuffleboard, and a full social calendar. Boat slips are available for just $600/ year, and the community is golf-cart friendly with scenic waterfront areas featuring gazebos and seating to enjoy nightly sunsets. With an incredibly low HOA fee of $180/ month, which covers your amenities, water, sewer, trash, cable, and internet, you will not find another community offering this value. All of this is located just minutes from the Bradenton beaches and Anna Maria Island, making it an unbeatable Florida lifestyle opportunity.
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Our Executive Mortgage Banker:
Our Insurance Division:
$285,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $228,000 | $228,000 | $228,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.397% | 6.304% | 5.628% |
| Monthly Tax Payment | $193 | $193 | $193 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,313 | $1,385 | $1,848 |
| Total Monthly Payment | $1,581 | $1,653 | $2,116 |
* 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.