Discover why Palm Island is THE place for your Florida get away! Palm Island is a 7 mile long barrier island South of Sarasota and North of Ft. Myers on the Gulf coast. Accessible only by car ferry! It's the perfect get away! Palm island features sugar sand beaches, beautiful harbors and lagoons, great fishing and shelling.
Our home features 3 bedrooms, 2 baths with 1800 square feet of living space. Master BR is a loft with a queen bed, a couch that converts to a single bed and a full sized bed in the giant walk in closet BR2 has 2 full beds and BR3 has a queen bed. Our lot sits on the inter-coastal with a double sided deep water boat dock. Great room floor plan showcases corner wood burning fireplace, fully equipped kitchen with gas cook-top and vaulted ceilings! There is a screened in balcony with peek a boo views out to the inter-coastal and a lovely 3rd floor balcony off the loft bedroom--perfect place to enjoy your morning coffee! Lots of room to play. Under the home has been paver bricked and offers additional room to enjoy the island as well as an out door shower. Lovely gardens to stroll to the boat dock which has power and water.
There is one restaurant called Rum Bay at the Palm Island Resort that serves lunch and dinner and also has an ice cream shop. The island is accessible via car ferry only which runs from 6: 30 am until 10: 00 pm from Sunday through Thursday and until 11: 00pm Friday and 12: 00 midnight Saturday. Fee for ferry is $55/trip of you can buy a book of tickets at a reduced rate. You drive your car onto the ferry and directly to your vacation rental home. It's a very special place to vacation. Palm Island Resort has kayak/paddle board rentals & golf cart rentals.
Www. palmislandtransit. com for info on ferry.
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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 | $5,600 | $5,600 | $5,600 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $37 | $37 | $47 |
Total Monthly Payment | $112 | $112 | $122 |
* 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.