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Experience the height of island living with a rare opportunity at the prestigious Emerald Bay at Key Colony on Key Biscayne. Offered for the first time by the original owner, Residence #600 presents an exceptional two-bedroom layout encompassing 1, 469 square feet of light-filled living space. The residence enjoys ocean views along with open vistas overlooking the 12 tennis courts at the Key Colony Tennis Center. The thoughtfully designed floor plan feature large bedrooms, spacious, and generously sized bathrooms. Expansive living areas open to a spacious balcony, creating an effortless indoor-outdoor flow ideal for island living. The unit is offered with two assigned parking spaces. For buyers seeking additional space or a future expansion opportunity, the neighboring two-bedroom residence is also available, presenting the rare possibility to combine both units into a truly spectacular custom home. Embrace the quintessential Key Biscayne 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 moreāall within a secure, gated oceanfront community. 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:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,235,000
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 | $988,000 | $988,000 | $988,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.875% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.130% | 5.984% | 5.912% |
| Monthly Tax Payment | $596 | $596 | $596 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,610 | $5,844 | $8,204 |
| Total Monthly Payment | $6,331 | $6,565 | $8,925 |
* 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.