HURRICANE SALE!!!! CONDO 100% OK, BUILDING IS CURRENTLY BEING RENOVATED: ONE OF A KIND BEACHFRONT BEAUTIFUL CONDO ON MANASOTA KEY! DON’T MISS OUT ON NEWLY REMOLDED AND PRICE REDUCTION. Palms Condo has completed approximately a $1, 330, 000 renovation of the complete building. Thereby the structural integrity reserve study (SIRS) has been satisfied. This will make the building “new" again from the 2007 completion. The insurance on the building is only $37, 000. 00 down from $144, 000. 00 because the renovation is completed and theoretically our HOA quarterly fees will be reduced for 2025. There is a sufficient reserve account funded by the HOA fees. The 3-bedroom, 2 and 1/2-bathroom, with 1, 737 sq. ft awaits just a few steps (literally) from the beach. So, get ready to enjoy a true Florida lifestyle on a private sandy beach on the Gulf of Mexico. TROPICAL OASIS AND BREATHTAKING SUNSETS. This home has a view of the Gulf and is nestled in a tropical setting where you can enjoy breathtaking sunsets and the nice cool Gulf breezes from your balcony. OPEN CONCEPT FLOOR PLAN. As you walk into your entry hall and step onto decorative ceramic tile, you will immediately be drawn into the oversized living room and dining room combo with lofty ceilings. EXCEPTIONAL GOURMET KITCHEN. Your kitchen is open to the living room and dining room and has an abundance of thick granite countertops and loads of cabinets. It also comes equipped with an enormous floor-to-ceiling double pantry, lots of canned lighting, and high-quality stainless-steel appliances that include a refrigerator, stove, dishwasher, and built-in microwave. LARGE OWNER SUITE. There is plenty of room for all your furniture. It also provides you with a private entry to the balcony, has NEW beautiful wood-look flooring, and has a double closet for all your things. SPA-LIKE OWNER ENSUITE. The owner bathroom ensuite is gorgeous! It has a wall-to-wall hard-surface countertop with dual sinks, wall-to-wall mirrors, a custom tiled shower stall with built-ins, and plenty of cabinets, drawers, and closet storage areas. SPACIOUS SECONDARY BEDROOMS. The second bedroom is oversized as well and has wall-to-wall closets. The third bedroom is also a good size. Then you have a guest bath and an additional half bath, so no one has to share. There is also a nice full-size laundry room tucked neatly behind bifold doors in the hallway. SPECTACULAR-TILED BALCONY WITH A VIEW. You are going to love the oversized balcony where there is plenty of room for your patio furniture, plants, and then some. Not to mention the view of the crystal blue waters of the Gulf. COMMUNITY AMENITIES. Your new community provides you with an outdoor shower, heated pool, elevators, under-building parking, and private access to the waterfront deck and beach below - NEVER RENTED - NEW PAINT AND PORCELAIN TILE in bedrooms!! ENVIABLE ENGLEWOOD LOCATION. Buy this condo and you will be living the dream. You will have endless access to the private beach and will have loads of exceptional shops, restaurants, and other daily conveniences practically at your doorstep. And not far away are plenty of other fun things to do. There is Rotonda Golf and Country Club, Myakka State Forest, Myakka Pines Golf Club, Cool Today Park, North Port Aquatic Center, and so much more! CALL TODAY FOR A SHOWING!
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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 | $520,000 | $520,000 | $520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $400 | $400 | $400 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,460 | $3,456 | $4,385 |
Total Monthly Payment | $3,952 | $3,948 | $4,877 |
* 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.