5500 Bonita Beach RD, Bonita Springs, FL, 34134 | $299,000

MAJOR PRICE REDUCTION. FINAL & ALL ASSESSMENTS PAID! INVESTOR OR OWNER--THIS ONE MAKES SENSE AT THIS PRICE! Just look at the comps! Building #5 on the 6th floor of the Beach and Tennis Club. Currently the LOWEST PRICE unit for sale on 12/12/24. This CORNER unit has SPECTACULAR EASTERN VIEWS, overlooking the imperial river, a BRAND-NEW AC unit, an UPDATED KITCHEN with full length cabinets and new luxury vinyl flooring.
Situated on 15 acres, this is a special property that remains affordable while being DIRECTLY ACROSS from the beach and close to restaurants. Buy now at a discounted price and step into instant equity when the property is fully complete.
GREAT rental potential here with generous THREE-DAY MINIMUS— perfect for the full-time investor or the savvy owner occupant who wants to make money when away. The amenities are starting to reopen with laundry available, elevator online, pool to reopen this summer, and full updates to the community amenities by year-end. THE HARD WORK HAS BEEN DONE; potential for boat slips, pickleball, tennis courts all in the works!
If you love the beach and being close to restaurants, coupled with a flexible HOA, this unit is for you!

Features

  • Building Design: High Rise (8+)
  • Parking: Common
  • Heating: Wall Unit
  • Cooling: Ceiling Fans,Wall Unit
  • Levels: 1
  • Amenities: Common Laundry,Community Pool,Community Spa/Hot tub,Internet Access,Sidewalk
  • Rooms: 1
  • Bedrooms: 1
  • Baths: 1 full
  • Complex: BEACH AND TENNIS CLUB
  • Development: BEACH AND TENNIS CLUB
  • Year Built: 1980
  • Approx Sq. Feet: 508
  • Est. Taxes: $533
  • Master HOA Fee: $1,874
  • Lot Desc: Across From Beach Access
  • View: River
  • Community Type: Condo/Hotel,Non-Gated
  • Water Front: Yes
  • Private Pool: Yes
  • Pet Policy: Not Allowed
  • MLS#: 224042653
  • Website: https://www.raveis.com
    /prop/224042653/5500bonitabeachrd_bonitasprings_fl?source=qrflyer
Copyright © 2024  The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright Southwest Florida MLS organizations. All rights reserved.
Courtesy of Royal Shell Real Estate, Inc.

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

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5500 Bonita Beach RD, Bonita Springs, FL, 34134

$299,000

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 $239,200 $239,200 $239,200
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 $44 $44 $44
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,612 $1,590 $2,017
Total Monthly Payment $1,731 $1,709 $2,136

* 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.