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This single-family home in Island Cove at Pelican Marsh sits along the community's largest lake, with bright southern exposure and long views to the southeast and southwest. Built in 1997 and offering over 2, 000 square feet, the open, versatile floor plan includes two bedrooms plus a den, two-and-a-half baths, a formal dining room, and a sunny lakeside breakfast nook. Features include tile flooring, crown molding, plantation shutters, a large primary closet, and a kitchen with white cabinetry and quartzite counters. LED lighting runs throughout the kitchen, baths, garage, and laundry. The expanded screened lanai opens to the lake, where turtles and wading birds gather along the shoreline. The pie-shaped homesite and squared floor plan give unusually wide lake frontage for the community, and the lot is large enough to add a private pool. Additional highlights include a 2025 Trane heat pump, a 2026 water heater, and a quiet interior position set well off Pelican Marsh Boulevard. Residents enjoy Island Cove's lakeside community pool plus Pelican Marsh's attended fitness center, spa, and professional tennis program, minutes from Mercato, Waterside Shops, and Vanderbilt Beach. Golf membership is available at Pelican Marsh Golf Club.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,075,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $860,000 | $860,000 | $860,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.385% | 6.223% |
| Monthly Tax Payment | $660 | $660 | $660 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,156 | $5,295 | $7,257 |
| Total Monthly Payment | $5,941 | $6,080 | $8,042 |
* 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.