Under contract-accepting backup offers. **HIGH and DRY and MOVE IN READY! CONDO OFFERED FULLY FURNISHED and Unit DID NOT SUSTAIN ANY DAMAGE DURING THE
HURRICANES!!** Enjoy spectacular waterfront RESORT-STYLE LIVING with GOURGEOUS SUNSET and TWINKLING EVENING LIGHT VIEWS from the highly desired Presidential Condo Building in the 55+ PREMIER GATED COMMUNITY OF BAY ISLAND! This BEAUTIFULLY UPDATED and METICULOUSLY MAINTAINED turn-key condominium is part of Bay Island community and offers a wide variety of outstanding amenities and activities for an active Florida lifestyle! Enjoy dining alfresco on the covered balcony while savoring balmy tropical breezes and MAGNIFICENT SUNSET and WATER VIEWS. Nature lovers lovers will enjoy over 1 mile of waterfront sidewalks perfect for strolling and watching dolphins frolic in the bay along with the many types of tropical birds that call Bay Island home. Featuring 1, 235 square-foot of coastal-designed open-concept living space, this light-filled condominium includes two spacious bedrooms with walk in closets and two baths (one ensuite) in a convenient, split floor plan. Enjoy cooking your catch of the day in the UPDATED (2017), WELL APPOINTED CHEF'S KITCHEN with a coastal inspired QUARTZ COUNTERTOPS, designer MARBLE BACKSPLASH, custom designed WOOD SHAKER STYLE SOFT CLOSE CABINETS and DESIGNER HARDWARE, SLEEK STAINLESS STEEL APPLIANCES and a delightful BREAKFAST BAR designed to enjoy the sparkling water view. Relax in the primary bedroom suite that includes a STUNNING FLOOR TO CEILING PICTURE WINDOW highlighting the tropical water views, wood look luxury vinyl plank flooring, generous sized walk-in closet and a flawlessly updated luxury en-suite bathroom. Guests will love the large second bedroom with walk-in closet, luxury vinyl plank flooring and renovated spa-like guest bathroom. Additional features include NEWER HVAC (2020), in-unit stackable washer/dryer, storage closet (5" x 8') and additional storage locker, AUTOMATED HURRICANE SHUTTERS, IMPACT WINDOWS, designer lighting, tile flooring and ceiling fans. This upgraded, turnkey unit comes with an assigned covered parking space along with plenty of guest spots for guests. The Bay Island community offers a fantastic active lifestyle with an on-site property manager, social director and full calendar of events. The condo association fee covers 24 hour guard gate, basic cable, wireless wifi, sewer and trash and offers a marina, six community pools, jacuzzis, two full gyms with state-of-the-art equipment, a two-story clubhouse housing myriad different activities, tennis, pickleball and shuffleboard courts, billiards room, ping pong and a mile of waterfront sidewalks. For boat owners there is a dock with slips available to rent on a first come first serve basis. The community is conveniently located just minutes from award-winning Beaches, golf courses, parks, restaurants, professional sports teams, thriving downtown St. Petersburg and 30 minutes to Tampa International Airport. Pets allowed (two pets under under 15 lbs each - only one may be a dog). THE PRESIDENTIAL BUILDING HAS UNDERGONE THE STATE OF FLORIDA'S MANDATORY CONDOMINIUM LANDMARK MILESTONE STRUCTUARL AND RESERVE STUDY. Don't miss this wonderful opportunity to live the carefree Island lifestyle!
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Our Executive Mortgage Banker:
Our Insurance Division:
$349,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $279,200 | $279,200 | $279,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $143 | $143 | $143 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,928 | $1,881 | $2,375 |
Total Monthly Payment | $2,146 | $2,099 | $2,593 |
* 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.