7536 Palm Island DRIVE S, #1511, Placida, FL, 33946 | $554,000

Price dropped $75, 000. A buyer's dream. Just what you have been waiting for. Look nofurther for your piece of paradise. No carpeting! Just high-end area rugs and spectacular decorating. No interior damage from hurricane Milton. This fabulous move in ready first floor 2 bedroom, 2 bath Villa is nestled in Palm Island Village 1 - quietly positioned off the higher traffic pathways with glorious views of the pool and Gulf. When you step off your screened in lanai, the amazing pool and spa complex is easily accessible or take a stroll to the beach. This Villa has been recently redecorated with updated baths and kitchen. There are newer stainless-steel appliances, a new Air Conditioner (fall 2023) and new roof (completed summer of 2023). This villa is also one of the most sought after rental properties within Palm lsland Resort and can generate income if so desired. The gorgeous primary bedroom with private en-suite is complete with a large easy access walk-in shower, dual sinks and his and hers closets. A French door leads from this bedroom suite to a patio complete with charming bistro set where you can relax and enjoy your morning or watch the breathtaking sunset. The charming second bedroom includes two twin-sized beds with closet and beachy decor. Two additional closets and a separate laundry room within the villa provide space for pool or beach accessories. The living room and dining room area boasts exquisite furniture, a twin sleeper and new French Bistro chairs. This is the perfect spot to gather with friends while enjoying phenomenal views. No detail has been overlooked to provide ultimate enjoyment and entertainment possibilities. You can experience glorious sunsets, walk the pristine beach searching for shark's teeth and shells, and keep busy with your resort and beach living lifestyle. Palm Island Resort amenities are plentiful; exercise facility, boat docks, 24-hour patrol on site, bell personnel, Rum Bay Restaurant, golf cart, bike, kayak and paddleboard rentals, access to a community facility for events and many other amenities to be enjoyed. Don't wait, let's make it your beach getaway today!

Features

  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 1
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Inside
  • Complex: PALM ISLAND VILLAGE BLDG 05
  • Year Built: 1984
  • Approx Sq. Feet: 1,400
  • Acreage: 0.03
  • Est. Taxes: $9,704
  • Condo Fee: $8,662 Quarterly
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: D6133963
  • Days on Market: 351 days
  • Website: https://www.raveis.com
    /prop/D6133963/7536palmislanddrives_placida_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/22/2024 9:04:24 PM)
Listing courtesy of PALM ISLAND PROPERTIES INC   Phone: 941-697-1445

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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7536 Palm Island DRIVE S, #1511, Placida, FL, 33946

$554,000

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 $443,200 $443,200 $443,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment $809 $809 $809
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,986 $2,946 $3,738
Total Monthly Payment $3,887 $3,847 $4,639

* 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.