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2 bed 2 bath Direct Beachfront Condo on Captiva Island! South Seas Serenity is a thoughtfully renovated coastal luxury residence blending refined design with established income performance in the heart of Captiva Island. This two-bedroom, two-bath condo has been curated with an emphasis on quality materials, high-end finishes, and a sophisticated coastal aesthetic. The property has received consistently strong reviews, with all 5-Star ratings to date. The bright, open-concept layout is enhanced by custom woodwork and custom built-in mirrors throughout, amplifying natural light and creating a layered, designer-quality interior with depth and visual interest. High-quality flooring, modern lighting, and clean-lined finishes contribute to a designer yet comfortable living environment. The kitchen features quartz countertops, contemporary cabinetry, and Bosch appliances, and opens to the living and dining areas for functional use of space. The living area opens to a private balcony offering peaceful views, beautiful sunsets, and direct Gulf views. The primary suite provides generous space with an en-suite bathroom. The unit has a documented rental history. Since completion of the remodel in July 2021, the property has generated approximately $350, 000 in net rental income (after management fees, taxes, and VRBO/Airbnb fees; before association fees, insurance, and mortgage). Income figures are provided for informational purposes only and are not guaranteed. Future rental income may vary. Based on seller analysis and market research, the property is believed to be among the highest-producing income properties under $1. 2M from Marco Island to Anna Maria Island and everywhere in between. Over $40, 000 in future reservations are already on the books for the upcoming season alone. The property is currently managed by a professional management company that maintains the unit and delivers a high-end guest experience, including luxury amenities such as robes. Buyer may continue with the existing management company, select a management company of their choice, or explore participation in the resort rental program, subject to applicable terms. Seller will make a good-faith effort to relocate existing reservations; however, buyer shall be required to honor any reservations that cannot be relocated. The property is offered turnkey furnished, excluding the striped chairs and curtains. Furnishings include all high-end designer pieces from One Kings Lane, Serena & Lily, Williams Sonoma, Tempur-Pedic mattresses, and Emtek hardware. A detailed inventory list will be provided. Community amenities include a pool located directly in front of the building, convenient direct beach access, & nearby tennis and pickleball courts. The property is within walking distance to Captiva Village dining, shopping, and marina amenities. This offering presents an opportunity to acquire a renovated, income-producing condominium in one of Southwest Florida’s most desirable coastal locations.
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Our Executive Mortgage Banker:
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$1,125,000
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 | $900,000 | $900,000 | $900,000 |
| 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 | $189 | $189 | $189 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,040 | $5,252 | $7,414 |
| Total Monthly Payment | $5,354 | $5,566 | $7,728 |
* 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.