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Located in the highly desirable 55+ community of Lemon Bay Isles, this well maintained home offers the perfect blend of modern construction, coastal lifestyle, and affordability. Built in 2020, this newer residence provides peace of mind with updated construction standards, energy efficiency, and contemporary design - an uncommon find in this established community where many homes date to earlier decades. Lemon Bay Isles is a sought-after, resident-owned community where you own your land, enhancing long-term value and stability. The neighborhood is known for its friendly atmosphere, active social scene, and excellent amenities, including a clubhouse, swimming pool, tennis/pickleball courts, shuffleboard, and organized seasonal activities. Residents enjoy low POA fees, helping keep overall cost of ownership affordable while still benefiting from well-maintained common areas and recreational facilities. Ideally located along Florida’s Gulf Coast, the community offers convenient access to Lemon Bay and surrounding waterways, with opportunities for boating, fishing, kayaking, and enjoying Florida’s natural beauty. The bay itself is a protected aquatic preserve known for its wildlife, scenic views, and recreational appeal. Additionally, you’re just minutes from multiple Gulf beaches, shopping, and dining. Whether you're seeking a seasonal retreat or a full-time residence, this property combines newer construction (2020), low fees, and a vibrant waterfront-adjacent community lifestyle. A rare opportunity in Englewood!
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Our Executive Mortgage Banker:
Our Insurance Division:
$199,000
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 |
|
|---|---|---|---|
| Loan Amount | $159,200 | $159,200 | $159,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $349 | $349 | $349 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $953 | $993 | $1,311 |
| Total Monthly Payment | $1,377 | $1,417 | $1,735 |
* 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.