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Palm Island – A Beach lover and Fisherman’s dream come true. This concrete 3-story home (one of the few concrete homes on the island) brags of space and easy living. With its location on a deep-water canal that leads directly to the intracoastal waterway, it’s a quick boat ride to some amazing fishing inshore and offshore. On the island, a short golf cart ride takes you to the quiet, shell-lined beaches for a lazy day in the sun or beautiful sunrises or sunsets. Look for some shark teeth while you are on the beach! Downstairs between spacious garages is a game room/hobby room for families of all ages. The beautiful pool sits just outside the game room with plenty of covered space for the non-sun lovers and open space for those that do love the Florida sun! The pool has a sun shelf and a hot tub. On one side, there is room off one of the garages that has the beautiful pool view and can be used as an office or extra bedroom and the area has a full pool bath just off the pool. On the other side of the pool is a storage/fishing room. The dock has two boat lifts – one for your fishing boat and the other for your fun jet ski. As you ascend up the steps to the main living area, a wraparound porch awaits with multiple places for sitting, grilling and entertaining. As you enter the front door, there is an open room for dining and relaxing with a sitting area that has a half bath. The kitchen boasts of lots counter space and easy flow and is open to the dining area for easy entertaining and family meals. The two bedrooms off the living area are on each side of the full bath. Upstairs you’ll find a private, expansive master bedroom and bath with two large closets. Off the master suite, there is another covered porch with a view of the intercoastal. With concrete construction, hurricane shutters and a new metal roof installed in 2023, this home blends durability with coastal sophistication. Come step into a world where life slows down and peaceful living take center stage.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,575,000
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 | $1,260,000 | $1,260,000 | $1,260,000 |
| 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% | 6.235% | 6.183% |
| Monthly Tax Payment | $2,037 | $2,037 | $2,037 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,353 | $7,656 | $10,633 |
| Total Monthly Payment | $9,515 | $9,818 | $12,795 |
* 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.