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Waterfront Island Retreat - Included in the sale is boat slip #4. Turnkey, Fully Furnished & Income Potential! Own your slice of paradise with direct ocean inlet access and a small private beach in this intimate, water-lover's community. Launch your boat from its slip, your kayak or paddleboard from the beach and reach the Indian River or the Atlantic Ocean in minutes. No seawalls, just effortless, natural access. This fully furnished, move-in ready condo features two private balconies and a primary suite with stunning inlet views as yachts glide by. Ideal as a vacation getaway, seasonal escape, or income-producing property with short-term rental potential. Walk to nearby restaurants and shops. This unit has a user agreement for the exclusive use of a premium boat slip (#4) This unit has a user agreement for the exclusive use of a premium boat slip (#4), attached to the unit with the formality of a deed. This is included with the purchase of the unit and will be transferred to the new owner by the seller. The new state of the art boat docks will be completed later this year along with an updated pool and clubhouse.
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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 | $303,200 | $303,200 | $303,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | $500 | $500 | $500 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,745 | $1,941 | $2,518 |
| Total Monthly Payment | $2,320 | $2,516 | $3,093 |
* 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.