Owner prefers 6 months but will consider 4 months. Welcome to The Biltmore at Bay Colony which is undergoing an exceptional exterior restoration that will transform its entrance and pool deck into a world-class resort. Beachfront living with unobstructed views of the gulf, 2 ½ miles of pristine white sand, 3 gulf front beach clubs and chair service from The Bay Colony Club. This bright, crisp and clean property features panoramic views of the Gulf of Mexico through floor-to-ceiling glass sliders which open fully for ease of indoor/outdoor living on an expansive wide screened in lanai. The elegant entry foyer, opens to spacious living room, breakfast bay and master bedroom all of which provide panoramic views of the gulf. For the cook, the chefs kitchen features Gaggenhau appliances. The master hosts a king bed, wall mounted TV and desk, with a queen in the first guest bedroom and pullout couch and desk in the second guest bedroom. All bedrooms are ensuite. The Biltmore amenities include a 24-hour manned front desk, two guest suites, fitness center, social rooms, and a resort-style pool. Bay Colony residents enjoy the use of their own private newly renovated beach club and restaurant and tennis club. Please note: 1 parking spot for the lease and the tenants will need to commit to keep the owners cleaner up to 3 times per week.
*Information deemed Reliable but not Guaranteed*
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William Raveis Real Estate
Phone: 888.699.8876
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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 | $32,000 | $32,000 | $32,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $216 | $213 | $270 |
Total Monthly Payment | $291 | $288 | $345 |
* 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.