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This 3-bedroom, 2-bath condominium in Palma Sola Trace in Bradenton offers 1, 277 square feet, a 2007 build year, pet-friendly ownership, and a defined HOA structure, all within close proximity to Anna Maria Island and Gulf beaches.
The interior is designed for function and flow, with an open floor plan connecting the living, dining, and kitchen spaces. The kitchen includes ample cabinetry, extended counter space, and a breakfast area overlooking the main living area. The primary bedroom includes a walk-in closet, and two additional bedrooms can be flexible use for guests, workspace, or multi-purpose needs.
Monthly ownership costs are structured with an HOA fee of $529. 66, which includes Cable TV, Internet, Common Area Taxes, Escrow Reserves Fund, Fidelity Bond, exterior maintenance, grounds maintenance, maintenance repairs, pool maintenance, recreational facilities, security, trash, and professional management. This coverage reduces exterior upkeep and supports predictable monthly expenses. The property is located in Flood Zone X, and the 2007 construction places it within a more recent building cycle compared to older coastal properties. Rental restrictions apply. The unit shall not be leased more than 3- times a year.
Palma Sola Trace features maintained grounds, a walkable layout, and a full amenity package. Community amenities include a resort-style pool, fitness center, clubhouse with gathering spaces, playground, and walking paths throughout the neighborhood. The corner unit location and attached one-car garage provide added usability, and guest parking is available for visitors.
Location answers common buyer priorities with proximity to shopping, dining, marina access, and Cortez Road for east-west travel. Anna Maria Island and Gulf beaches are a short drive away, supporting convenient access to coastal recreation and waterfront areas.
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Our Executive Mortgage Banker:
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$298,900
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 | $239,120 | $239,120 | $239,120 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | $231 | $231 | $231 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,472 | $1,531 | $2,002 |
| Total Monthly Payment | $1,778 | $1,837 | $2,308 |
* 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.