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7181 Rum Bay DRIVE, #4022A, Placida, FL, 33946 | $52,000
Fractional Ownership. FRACTIONAL OWNERSHIP in PARADISE! 2 bedroom, 2 bathroom, fully equipped condominium in the sought after, private Palm Island Resort's Club Villas. This second floor, corner unit has beautiful views of the island and the canal. You can see a small view of the Gulf of Mexico across the way. Enjoy 13 weeks a year, on a rotating schedule that begins with one week in January, and then 2 weeks every 6 weeks. The rotation assures that over the course of 4 years, each fractional owner will have had the experience to be on resort every week of the year. You have access to the amenities all year long, so you will always feel at home. You have 7 miles of beautiful sandy beach to enjoy. The sharks teeth and multiple shell offerings are in abundance as you walk and enjoy the beautiful aqua waters of the Gulf of Mexico. Fishing, boating, tennis, pickle ball, community heated pool and spa, fitness center, fitness classes such as water aerobics and yoga, massages, social activities. There is a restaurant and bar, ice cream shop and recreational rentals. A concierge to help you find mainland activities. Bellmen to help get you from the parking lot to your unit. Palm Island Resort is accessible by a 4 minute car ferry ride. In keeping with the natural island feel, gas powered vehicles & all cars, are not allowed inside the resort, except for certain instances. Your fees include taxes, insurances, reserves, utilities, major appliances, major furniture, manager. Your only separate expense is the cleaning of the unit after your stay. The unit did have some extensive damage from Hurricane Ian, but is almost complete with its rebuilding and repairs. It has a brand new metal roof, new sliders, new windows, new flooring throughout, new carpeting in the bedrooms, new private storage locker in the laundry room. The kitchen has new countertops and cabinets. The unit is now basically brand new. Schedule to have your showing soon! Recreational and beach items may be available separately or negotiated. Come own a fractional share of Paradise!
Features
- Heating: Central, Electric
- Cooling: Central Air
- Levels: 2
- Amenities: Basketball Court, Cable TV, Clubhouse, Fitness Center, Gated, Maintenance, Pickleball Court(s), Playground, Pool, Spa/Hot Tub, Tennis Court(s), Vehicle Restrictions
- Rooms: 4
- Bedrooms: 2
- Baths: 2 full
- Complex: CLUB VILLAS 01 AT PALM ISLAND R
- Year Built: 1989
- Common Charge: $4,179 Quarterly
- Approx Sq. Feet: 1,262
- Acreage: 0.18
- Est. Taxes: $40,295
- View: Pool, Trees/Woods, Water
- Elem. School: Vineland Elementary
- Middle School: L.A. Ainger Middle
- High School: Lemon Bay High
- Pet Policy: No
- Appliances: Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range
- MLS#: D6133637
- Days on Market: 356 days
- Website: https://www.raveis.com
/prop/D6133637/7181rumbaydrive_placida_fl?source=qrflyer
Listing courtesy of PARADISE EXCLUSIVE INC Phone: 941-698-0303
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
7181 Rum Bay DRIVE, #4022A, Placida, FL, 33946
$52,000
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 | $41,600 | $41,600 | $41,600 |
| 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 | $3,358 | $3,358 | $3,358 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $277 | $276 | $357 |
| Total Monthly Payment | $3,710 | $3,709 | $3,790 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388