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Fractional Ownership. Own your slice of paradise with this quarter-ownership condominium villa. Ownership includes six two-week stays scheduled throughout the year, plus one additional week in January. The rotation schedule adjusts annually, allowing each owner to enjoy all 52 weeks over a four-year cycle. Professional on-site management handles property maintenance, offering true hassle-free ownership. Situated within an intimate, exclusive vacation community, owners enjoy full access to the amenities, services, and facilities of Palm Island Resort—including seven miles of pristine, natural Florida beach. The villa offers a spacious, open-concept living and entertainment area that flows seamlessly onto a large, screened porch—perfect for relaxing and enjoying the coastal breeze. The primary suite also features direct access to the lanai, also features a walk-in closet and a well-appointed bath and dressing area. Recent improvements following Hurricane Ian are nearly complete and include new impact-rated roofs, windows, and sliding glass doors, luxury laminate flooring throughout the main living areas, new carpet in the bedrooms, and updated kitchen cabinetry—making the residence feel fresh and like new. Located between Ft. Myers and Sarasota on a barrier island only accessible by car ferry or boat. A great way to own on an island! Experience the sun, sand, and carefree island lifestyle in this exceptional shared-ownership retreat.
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:
$32,000
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 | $25,600 | $25,600 | $25,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.395% | 6.557% | 5.990% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $153 | $160 | $211 |
| Total Monthly Payment | $228 | $235 | $286 |
* 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.