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Escape to your own Florida retreat in the prestigious gated Laterra Condominiums within the King & Bear community, home to world-class golf and resort-style amenities. This rare 1 BR, 1 Bath, 875 sf condo offers the perfect blend of comfort, style, and convenience. This property is ideal as a full-time residence, vacation getaway, or short-term rental. Step inside to a bright, open floor plan that flows seamlessly from a spacious living and dining area to a fully equipped kitchen featuring granite countertops, a breakfast bar, and stainless steel appliances. The bedroom and bathroom are bright and spacious, while the generously sized patio area provides privacy with mature landscaping and a wrought iron fence and gate. Perfect for a peaceful oasis for morning coffee or evening relaxation. All of this with no maintenance! This turnkey unit comes fully furnished and has been well maintained, offering an easy transition for its next owner. Full-time on-premise property management ensuring comfort and peace of mind as well as 2 levels of security. Enjoy the unbeatable amenities of the Laterra / King & Bear community, including resort-style pools (lap pool + 2 others), a hot tub, a fitness center, tennis and pickleball courts, spa services, and much more. Golf enthusiasts are just a gap wedge away from the PGA King & Bear course; nearby shopping, dining, and historic St. Augustine make every day a vacation. With no rental restrictions and a proven track record for short-term rentals, this condo is both a lifestyle investment and a ready-to-go revenue generator. Don't miss the opportunity to call this exceptional Laterra condo your own!
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Our Executive Mortgage Banker:
Our Insurance Division:
$274,900
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 | $219,920 | $219,920 | $219,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.952% |
| Monthly Tax Payment | $254 | $254 | $254 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,336 | $1,389 | $1,826 |
| Total Monthly Payment | $1,665 | $1,718 | $2,155 |
* 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.