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Coveted direct ocean front, fourth floor, 3-bedroom 2-bath condominium in Cinnamon Beach, “Pelican Watch” has an established return vacation rental guest following. Relax on the balcony and experience the calming sounds of the waves while watching the pelicans as they fly so close you can almost touch them. With a sweeping, unobstructed ocean-front view, the balcony provides a comfortable space for everyone, offering the perfect opportunity to watch the sun rise over the ocean while sipping your coffee and the moon rise in the evening with your favorite glass of wine. This1682 square foot unit offers private balcony access from both the main living area and master suite. The ensuite bath features a garden tub, walk in shower, and separate vanity sinks. The unit is fully furnished and equipped for vacationers and owners alike. The walkover to the beach is right next to the building. The community amenities include two resort style heated pools & spas. The oceanside pool features a walk over to the beach. The lakeside recreation center features the Adult Lounge, game room, fitness center, seasonal café and lakeside pool. The lakeside pool features a shallow water walk in, and a “Splash Zone” for the tykes.
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Our Executive Mortgage Banker:
Our Insurance Division:
$795,000
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 | $636,000 | $636,000 | $636,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.730% |
| Monthly Tax Payment | $760 | $760 | $760 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,809 | $3,968 | $5,193 |
| Total Monthly Payment | $4,661 | $4,820 | $6,045 |
* 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.