Situated on Englewood's barrier island Manasota Key, and located a mere 1000 feet from the crystal blue waters and white sands of the Gulf of Mexico, this beautifully furnished TURN KEY home is sure to impress. Pack your cooler and take a quick walk across the street and down your deeded easement that will bring you to your own (semi) private beach on the Gulf, shared only with your neighbors. Head South down Gulf Blvd and you will arrive at Stump Pass State Park, an easy 1/4 mile walk. Whether you wish to sink your toes in the sand and walk the miles of endless beach, launch your kayak from the public kayak launch into Lemon Bay, or spend your day fishing, you will not be disappointed. Stump Pass is truly one of the most picturesque beaches in SW Florida. After catching a breathtaking sunset on the water, you can stroll down (or ride) to dinner or drinks, and enjoy nightly entertainment, at any of the numerous restaurants on the key.
Once you step inside the condo, you will be greeted by a cheerful, modern coastal design with an open floorplan, updated kitchen and bath, and gorgeous water views from both bedrooms. The updated kitchen includes quartz counters, trendy ceramic tile backsplash, under cabinet LED color changing lighting, and newer appliances (refrigerator new in 2022). All of this with one of the lowest price tags & HOA fees on the island, this condo is one of the most affordable options that will furnish you with the tropical lifestyle you seek! Whether you are looking for a full-time residence, or hope to spend part of the year in Florida, this could be the one you've been waiting for. Part-time residents can rent their units out a minimum of weekly, which could make this purchase a sound rental investment as well! Bring your tooth brush and fishing pole and start living the beach life today!
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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 | $300,000 | $300,000 | $300,000 |
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 | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $403 | $403 | $403 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,996 | $1,994 | $2,530 |
Total Monthly Payment | $2,474 | $2,472 | $3,008 |
* 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.