Under Construction. Palma Sola Bay Club is located just off the beautiful Palma Sola Bay in West Bradenton, minutes away from the sandy beaches of the Gulf of Mexico to the West, the culture, fine dining, entertainment and golf courses to the East. Inside our gates lies 30-acres of protected preservation land, three stocked ponds, tropical resort landscaping, a dog park and an observation deck with kayak launch overlooking Palma Sola Bay. Our Key West inspired four story mid-rise condominiums hosts only 9 residences offering two and three bedroom floor plans. Inside you will find an open floor plan with ample windows to enjoy natural Florida sunshine, solid wood cabinetry, spa inspired bathrooms, spacious closets and much more. The two-story clubhouse located in the heart of the community boasts a fitness center, billiards table, social room and two kitchens for entertaining. Outside our residents enjoy a heated pool with an expanded deck for lounging, fire pit, and outdoor entertainment space complete with a wet bar and gas grill. Come see for yourself what makes Palma Sola Bay Club an award-winning community year after year. Pictures are of a furnished model of a similar plan.
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Our Executive Mortgage Banker:
Our Insurance Division:
$615,000
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $492,000 | $492,000 | $492,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,232 | $3,232 | $4,119 |
Total Monthly Payment | $3,324 | $3,324 | $4,211 |
* 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.