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5413 Wishing Arch Drive | Low Interest Rate Assumable Loan | 3 Beds + Office | Dockable Lagoon-Front Lot | Built 2021
Picture wide open lagoon views behind you, conservation and pond views in front of you, and one of the largest pie-shaped dockable lots in this area of the neighborhood giving you room to breathe. Located in the waterfront community of MiraBay, this 2021 Park Square Homes Margate floorplan provides privacy, flexibility, and a financial opportunity that is increasingly rare in today’s market.
An assumable FHA loan with a low interest rate is available to qualified buyers — a significant advantage in a higher-rate environment. Combined with $5, 000 toward a future dock, this creates real, tangible value beyond the home itself.
Inside, the layout feels open and connected from the moment you walk in. Durable wood look tile plank flooring runs throughout the main living areas, crown molding adds a finished finish, and high ceilings keep the space light and airy. A custom built-in dry bar creates an inviting place to gather after a day at the clubhouse pool.
The kitchen anchors the home with quartz countertops, stainless steel appliances, gas cooking, a stylish backsplash, and a large center island with generous seating for up to 6. It flows naturally into the dining and living areas, all positioned to capture peaceful lagoon views and embrace indoor-outdoor living.
The split-bedroom layout provides privacy, with guest bedrooms and the dedicated office toward the front and the primary suite quietly positioned at the rear overlooking the water. The owner’s retreat includes two walk-in closets and a spacious en-suite bath with dual vanities and a walk-in shower.
For waterfront buyers, the value continues: the dock easement fee has already been paid, saving substantial upfront cost and simplifying future dock installation. The oversized backyard offers room for a pool, expanded outdoor living, and a dock setup.
Just a short walk or golf cart ride to the clubhouse and cafe, and directly across the canal from community events, residents enjoy boating, fishing, and waterfront dining with connectivity to Tampa Bay. MiraBay features two heated pools, a two-story 24-hour fitness center, tennis, basketball and pickleball courts, walking trails, parks a private boat ramp, kayak launch, and golf-cart-friendly streets.
Waterfront space, long-term flexibility, and a rare financing advantage — this is the kind of opportunity buyers wait for.
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Our Executive Mortgage Banker:
Our Insurance Division:
$774,000
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 | $619,200 | $619,200 | $619,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | $913 | $913 | $913 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,564 | $3,965 | $5,142 |
| Total Monthly Payment | $4,569 | $4,970 | $6,147 |
* 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.