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Beachfront Paradise on Palm Island – Unmatched Coastal Luxury!
Experience the ultimate in island living with this exceptional beachfront home located within the exclusive Palm Island Resort, offering stunning panoramic views of Stump Pass, Boca Grande and unforgettable sunsets over the Gulf of Mexico (America). Thoughtfully designed with quality construction by Southern Design Home Builders and attention to detail throughout, this coastal retreat blends timeless elegance with casual comfort.
Currently configured as a 3-bedroom, 3-bath home that sleeps ten comfortably, it has a library/office easily convertible to a 4th bedroom. The third bedroom is configured as a kids' bunk room. The open and airy floor plan is designed for relaxed entertaining. The spacious, screened lanai with a lower outside deck invites you to experience refreshing coastal breezes and the soothing sound of the waves, while the stunning great room with a soaring 25-foot ceiling—adorned with walls of windows and anchored by a cozy fireplace—offers warmth and charm on cooler evenings.
The chef’s kitchen, equipped with plenty of counter space, a large 5-burner cooktop, double ovens, refrigerator and wine cooler, is perfect for hosting family and friends in the adjoining dining area with its views of the beach. The adjacent butler's pantry/laundry room with utility sink, additional full-size refrigerator and work desk is a great complement to the kitchen. The upstairs master suite is a true private retreat featuring a private sundeck, luxurious computerized step-in shower, large walk-in closet, beverage cooler, and a wall of windows framing endless Gulf views.
Additional highlights include: automatic, battery-operated shades for ease and comfort, a three-stop elevator for convenient access, 10 ft ceilings throughout, 22 KW generator for added peace of mind, a shed with a massive storage area for all your island toys, two finished attic areas, and a new metal roof, newer AC units, a newer tankless hot water heater and a fully built-out deck below the home which allows for you to enjoy the outdoors regardless of weather. You’ll also appreciate the large outdoor shower for after a day spent at the beach!
Enjoy quiet walks (often not seeing another beachgoer for miles) along the 7 miles of pristine, sandy beaches, collecting shells and sharks' teeth, or simply relax and embrace the laid-back lifestyle that Palm Island is known for.
Palm Island Resort amenities include bell service, Rum Bay Restaurant, pool and spa, security, tennis and pickleball courts, playground, dockage and more. Access to the island is easy via a quick car ferry ride, after which you’ll experience golf-cart-only transportation throughout the resort, ensuring a truly serene and relaxed island atmosphere.
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:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$2,995,000
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 | $2,396,000 | $2,396,000 | $2,396,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.259% | 6.203% |
| Monthly Tax Payment | $2,255 | $2,255 | $2,255 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,982 | $14,558 | $20,219 |
| Total Monthly Payment | $16,362 | $16,938 | $22,599 |
* 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.