Investor alert!!! Here's your chance to have your cake and eat it, too. Have your own great vacation getaway whenever you want, and then rent it out the rest of the time and make $$$$$. With the ability to lease this 2bd/2bath unit out weekly, this is a great investment opportunity. Bay Watch is an intimate complex of just 16 units centered around a heated pool and located directly on the inter-coastal waterway. There is a private dock just for Bay Watch residents and guests, so bring your boat or other water toys and enjoy. Bay Watch is also just a short walk to the beautiful white sand beaches and emerald, green waters of the Gulf of Mexico. Walk over to the beach in the early evenings and experience our amazing sunsets and refreshing sea breezes. This unit comes fully furnished and has 2 covered parking spots directly below the unit. The AC (2016). The 2 bedrooms are a split design and each features a large walk-in closet. The master bedroom has an en suite bath. A stack washer/dryer is located inside the unit for added convenience. Two sets of sliding doors in the living room open to the deck overlooking the pool, making the interior feel very spacious and providing lots of natural light. Bay Watch is centrally located and within walking distance of restaurants and shopping and the free island trolley. Isn't it time to have your own slice of paradise on beautiful Anna Maria Island? New kitchen with quartz counters and stainless appliances, New Hurricane windows and doors. Freshly painted and sold with future bookings that will convey with the sale. Condo fee is going down in 2025 to $2325 a quarter
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William Raveis Mortgage, LLC
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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 | $476,000 | $476,000 | $476,000 |
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 | $335 | $335 | $335 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,207 | $3,164 | $4,014 |
Total Monthly Payment | $3,634 | $3,591 | $4,441 |
* 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.