7486 Palm Island DRIVE, #2422, Placida, FL, 33946 | $899,900

This incredible view looking down the shoreline of Gulf of Mexico is located at Palm Island Resort in Southwest Florida offers three bedrooms, a loft with extra sleeping space (comfortably accommodating 10), and three bathrooms, making it a perfect blend of comfort, style, and convenience for a peaceful getaway. Key features include proximity to the Gulf of Mexico with unobstructed views from nearly every window, Turnkey Furnished – ready for immediate occupancy with minimal wear for a pristine environment. Updated Kitchen – features an expanded layout with raised ceilings, Corian countertops, recessed lighting, crown moldings, and additional bar cabinetry for both function and style. Updated Bathroom Showers in 2024 – bathrooms with raised ceilings and recent renovations, complemented by elegant coastal decor for a soothing environment. Two Balconies – a screened-in balcony on the lower level and another upstairs, both offering expansive, unobstructed views of the shoreline, ideal for sunset viewing and listening to the ocean. Custom Shades – installed on all sliders and windows for added aesthetic, privacy, and light control. Resort Amenities – include private beach access, boat docks, a grilling area, tennis courts, a clubhouse, playgrounds, a fitness center, a restaurant & bar, golf cart rentals, bicycles, kayaks, paddleboards, beach toys, 24-hour security, bell services, mail delivery, parking, and a heated pool/spa. Tranquil Setting – the resort offers a calm atmosphere amidst its many amenities, perfect for unwinding and stepping away from daily life. Overall, this vacation condo is an oasis for those in search of tranquility and rejuvenation in a scenic locale. Price reduced, owner relocating. Per seller, upstairs condo had no damage from recent hurricane.

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 2
  • Amenities: Clubhouse, Fitness Center, Maintenance, Pickleball Court(s), Playground, Pool, Recreation Facilities, Security, Spa/Hot Tub, Tennis Court(s)
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Inside
  • Complex: PALM ISLAND VILLAGE PH 02
  • Year Built: 1984
  • Approx Sq. Feet: 2,126
  • Acreage: 0.03
  • Est. Taxes: $13,365
  • Condo Fee: $9,063 Quarterly
  • Middle School: L.A. Ainger Middle
  • High School: Lemon Bay High
  • Pool: In Ground
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Wine Refrigerator
  • MLS#: D6136465
  • Days on Market: 185 days
  • Website: https://www.raveis.com
    /prop/D6136465/7486palmislanddrive_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 11/24/2024 12:06:13 PM)

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7486 Palm Island DRIVE, #2422, Placida, FL, 33946

$899,900

The Joe & Cindy Team

REALTOR

William Raveis Real Estate

Phone: 978.475.5100

andoverdreamteam@raveis.com

Joanne O'Keefe

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 978.314.1072

Joanne.OKeefe@raveis.com

NMLS Mortgage Loan Originator ID 38342

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $719,920 $719,920 $719,920
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment $1,114 $1,114 $1,114
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,610 $4,610 $6,321
Total Monthly Payment $5,816 $5,816 $7,527

* 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.