This lot is located on a barrier island between Ft. Myers and Sarasota. Discover the tropical ambiance of Palm Island (Knight Island) accessible only by car ferry or your own vessel. Build your island home and enjoy the panoramic views of the gorgeous Gulf sunsets. This lot is in Rum Cove, which is a gated community within the gated Palm Island Resort Property. The community boast its own private pool and tennis courts, available exclusively to the 9 owners within the gate of Rum Cove. Rum Cove also offers a community dock for parking and loading up for a day of fishing or site seeing by water. Enjoy the beach accesses a golf cart ride away or stroll down the private road. Resort style amenities offered too; take part in the vibrant tennis and pickle ball programs, take a fitness class, use the work out room or spend time on the sand collecting the oceans treasures. The shells and shark teeth are abundant. This tropical lot is in a laid-back island style area you just have to see to believe.
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Our Executive Mortgage Banker:
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$465,000
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 | $372,000 | $372,000 | $372,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,475 | $2,472 | $3,190 |
Total Monthly Payment | $2,550 | $2,547 | $3,265 |
* 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.