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This beautiful home features a stunning entrance under an old Live Oak tree and tropical foliage. Know as the Paddle to the Sea cottage, the entrance is a classic split foyer, with steps down to 4 bedrooms, 2 baths and guest living area. Step up and open to a dramatic Great Room with vaulted and coffered ceiling, kitchen, bar and half bath. Multiple classic multi-lite French doors along 3 sides open up the outdoors, while screened decks surround both the first and second floors providing comfortable and spacious outdoor living. A corner stairwell then provides access to the third-floor master suite and living area. Enter this ultimate private suite and Stunning views open up across Boca Grande Pass and Charlotte Harbor and to Boca Grande. A private balcony facing north provides unsurpassed privacy and beauty. Beneath the first living floor is a fully screened and decked area for golf cart parking, work room, spare fridge and freezer, ping pong table, storage or whatever, It is spacious, protected multi-use space. Access is via a stairwell to the first floor and a ground level automatic garage door for cart access. The home is in new condition, following significant reconstruction after Hurricane Ian in 2022. This effort brought the entire structure up to current building and windstorm codes with new roof strapping and roof, all impact glass, interior finishes, appliances, whole house generator and too much to summarize here. Refer to the supplementary information tabs for complete details of the work accomplished. As far as flood threats are concerned, the home is in the X Zone, above any potential storm surge or flooding. Home buyers on bridgeless Useppa Island are required to have membership in the Useppa Island Club and Marina. Useppa is a luxury boating, fishing private resort in the style of Olde Florida. No cars, just golf carts, bikes and feet for transport. Boat Dockage is available at the Marina. The island is just 3 miles south of Boca Grande and a 15-minute boat ride to Pine Island and all things “mainland”.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,250,000
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 | $1,800,000 | $1,800,000 | $1,800,000 |
| 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 | $1,467 | $1,467 | $1,467 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,504 | $10,937 | $15,189 |
| Total Monthly Payment | $12,096 | $12,529 | $16,781 |
* 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.