531 S Heathwood DR, Marco Island, FL, 34145 | $740,000

"BACKYARD TROPICAL OASIS"
This one-owner well-cared for property is located on the popular south end of the Island. It is within walking distance of many popular Island attractions, including the Marco Island Historical Museum, Markle Park with its dog park, the Island library, and Winterberry ballpark. And just 3/4 of a mile away is beautiful Marco Beach with a free public access ramp, many shops, restaurants, and a movie theater. But most of your time will be spent in the well-designed for entertaining backyard, a private tropical oasis that your family will love! A wonderful vacation or year-round residence with ample storage for all your needs, this turnkey home will make a fantastic short-term rental.
The first floor features a non-conforming downstairs area that includes a comfortable room and a generously sized living room equipped with a pool table ideal for entertaining guests, and direct access to the Lanai. Additionally, there's a well-equipped workshop with ample storage space, catering to hobbies or professional needs. Outside, you'll find an exceptional pool set in a private, fenced-in tropical oasis backyard, offering a serene retreat. The outdoor space is ideal for relaxation and gatherings, surrounded by lush greenery and enhanced privacy. Furthermore, there's an extra room on the first floor that can serve as additional storage, a small office, or even an extra pantry, providing versatility and convenience. This property combines practical amenities with a tranquil outdoor setting, making it a perfect retreat and an inviting space for both living and entertaining. "

Features

  • Amenities: None
  • Bedrooms: 2
  • Baths: 2 full
  • Style: Stilts
  • Development: MARCO ISLAND
  • Year Built: 1986
  • Garage: 1-car Attached
  • Heating: Central Electric
  • Cooling: Ceiling Fans,Central Electric
  • Approx Sq. Feet: 1,200
  • Acreage: 0.2
  • Est. Taxes: $2,495
  • Lot Desc: Regular
  • View: Landscaped Area
  • Community Type: No Subdivision
  • Private Pool: Yes
  • Pet Policy: No Approval Needed
  • MLS#: 223064945
  • Website: https://www.raveis.com
    /prop/223064945/531sheathwooddr_marcoisland_fl?source=qrflyer
Copyright © 2024  The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright Southwest Florida MLS organizations. All rights reserved.
Courtesy of Premiere Plus Realty Company

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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Our Insurance Division:

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531 S Heathwood DR, Marco Island, FL, 34145

$740,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $592,000 $592,000 $592,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment $208 $208 $208
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,939 $3,935 $5,076
Total Monthly Payment $4,239 $4,235 $5,376

* 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.