BEST VALUE ON THE ISLAND! THE BEACH IS CALLING! Imagine beachfront sunsets and sunrises EVERY DAY from your TOP FLOOR END UNIT private condo with direct beach access and unobstructed views at beautiful and tranquil Palm Island Resort! This one bedroom, one bath condominium has exceptional views of the Gulf of Mexico from the spacious screened in lanai and the living/dining rooms and kitchen! From the front door, enjoy a foyer entry with the laundry closet to the right and the primary bedroom with bay windows with beautiful preserve and tennis court views and natural light. The primary bathroom is conveniently centrally located with tub/shower combo and extra storage. Farther in, be captivated by the gorgeous GULF OF MEXICO views and beautiful light through the wall of HURRICANE IMPACT RATED sliding glass doors. The living room with sleeper sofa and cozy arrangement is open and connected to the dining room and kitchen as well as the 17' screened and covered balcony with additional seating to relax and enjoy the sound of the waves and beautiful views, and even has a locked owners closet for additional storage. This Condo is turn-key and tastefully furnished and has NEW LUXURY VINYL PLANK FLOORING, NEW A/C 2020, NEW HOT WATER HEATER 2021, NEW Sconce lighting & drapes, and a beautiful layout. This unit has full hurricane protection, and the association buildings all have NEW ROOFS in 2023. It is in a perfect location steps away from the tennis/pickle ball courts, pool/hot tub, and 2 separate grilling areas for use exclusively for Beach Villas, but also very close to the Palm Island Resort amenities including Rum Bay Restaurant and Coconuts Coffee/Ice Cream/Sundry Shop, full fitness center, complete tennis program, naturalist/kayak launch, golf cart and bike rentals, ferry to Loggerhead Marina, bellman on site, resort patrol, dockage for your boat, and of course the private beach for exclusive use here. This resort is accessible by car ferry found at Palm Island transit on Placida Road. You can also golf cart around the entire island and golf cart over ferry to nearby restaurants/grocery stores on the mainland, too! Come see why this is the best value around and make this fully furnished unit yours today! BE SURE TO CLICK THE FULL VIRTUAL TOUR LINKS FOR DETAILS
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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 | $223,920 | $223,920 | $223,920 |
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 | $122 | $122 | $122 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,490 | $1,488 | $1,888 |
Total Monthly Payment | $1,687 | $1,685 | $2,085 |
* 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.