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Enjoy the breeze and catch some rays at this income-generating oceanfront Cinnamon Beach condo with loads of five star reviews and happy repeat renters! Owners have refreshed this condo inside and out, including just-purchased fresh linens, new furniture, coastal-inspired artwork, and a BRAND NEW HVAC, just to name a few! Conveniently located on the second floor, your eyes are immediately drawn outside when stepping in the front door to the blue waters of the Atlantic Ocean. The covered balcony provides the perfect place for your morning coffee with the sunrise, meals any time of day, or just a place to relax with a good book. The well-equipped kitchen is located central to the home, featuring granite countertops, light wood stained cabinets, stainless steel appliances, breakfast bar, and a dedicated pantry space. The adjacent dining room allows for easy entertaining and flow to the living room. A large sectional provides plenty of room for socializing or cozying up for some movie time after a day at the beach. The Primary Suite is strategically located for easy balcony slider access and of course, those sweeping ocean views! Current owners have remodeled the primary shower, providing coastal luxury AND giving you an additional closet space! Two additional bedrooms have been thoughtfully planned to maximize guest experience and comfort - one King bedroom and another bedroom with a queen bed AND twin with twin trundle! Need access to laundry - no problem with the washer and dryer right in the unit! Other features include full tile flooring (NO carpet), ceiling fans, smart TVs, upgraded lighting, and is being sold fully furnished providing a turnkey experience for your personal use or as a proven income-generating property - allowing short term rentals and with rentals on the books! The 900 building is located right next to the beach boardwalk, making it just steps to the cinnamon sands! Cinnamon Beach offers expansive beach frontage, an oceanfront pool and lakeside family pool, seasonal snack bar, well-equipped gym, game room and more. Building features an elevator and under-building and lot parking. 24-hour manned security gate and access control. Ready for your next oceanfront adventure? This is the place!
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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** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.887% | 6.078% |
| Monthly Tax Payment | $830 | $830 | $830 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,916 | $4,072 | $5,324 |
| Total Monthly Payment | $4,838 | $4,994 | $6,246 |
* 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.