Discover the coastal charm of Island Reef Club. Nestled on the second floor of a seven-story building, this residence features a unique floorplan with dual east & west-facing balconies for sunrises & sunsets. Positioned to capture breathtaking views, the great room overlooks the future amenity center, Gulf of Mexico & Little Estero Island -a favorite spot for birders. A scenic path around the island leads to the beach, reached from both the pool deck & behind the building. Conveniently situated are Santini Plaza, a Beach Trolley stop, Fish-Tale Marina & CVS—each just across from Island Reef Club and 7-Eleven next door. Anticipate upcoming shops & restaurants at Santini Plaza, while Fish-Tale Marina invites you to enjoy power boat rentals, dolphin cruises, sunset tours & fishing charters. The elevator is now operational. The lobby and new amenity center are anticipated to be completed by the end of Q4 2024. Amenities include a community swimming pool, clubroom, shuffleboard, sun lounge, grill area and lush landscaping. HOA includes internet, insurance, pest control, water and more. Discover why Island Reef Club stands among the best buildings on Fort Myers Beach.
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Our Executive Mortgage Banker:
Our Insurance Division:
$760,000
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 | $608,000 | $608,000 | $608,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $445 | $445 | $445 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,045 | $3,994 | $5,127 |
Total Monthly Payment | $4,582 | $4,531 | $5,664 |
* 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.