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Experience the height of island living with a rare and extraordinary opportunity at the prestigious Emerald Bay at Key Colony on Key Biscayne. For the first time, these two side-by-side units—held by the original owner—are available to the market, offering a blank canvas for its next owner. Presently configured as two distinct 2-bedroom apartments, these units offer seamless potential for recombination into a spectacular 2, 975-square-foot residence, complete with a formal dining room and expansive living areas, complemented by two large balconies with over 85 linear feet of outdoor space. Flooded with natural light, the residence enjoys ocean views along with open vistas overlooking the 12 tennis courts at the Key Colony Tennis Center. The layout features very large bedrooms, oversized closet space, and generously sized bathrooms. Wood and Mexican tile floors run throughout, and the units are currently equipped with two kitchens. #602 is presently rented on a month-to-month basis at $5, 150 per month. The offering includes FOUR assigned parking spaces. Embrace the quintessential Key Biscayne island lifestyle at Emerald Bay, where resort-style amenities abound: private beach access with umbrella service, two swimming pools, a poolside restaurant and bar, the charming Golden Hog Market & Deli, tennis facilities, and more—all within a secure, gated community overlooking the ocean. Special assessment will be paid in full by Seller at closing.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,475,000
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 | $1,980,000 | $1,980,000 | $1,980,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.046% | 5.846% | 5.700% |
| Monthly Tax Payment | $621 | $621 | $621 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,934 | $11,555 | $16,178 |
| Total Monthly Payment | $11,680 | $12,301 | $16,924 |
* 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.