Bay Colony is the "Crown Jewel" nestled inside of Pelican Bay, having its own private guard gated entrance. In addition to the many amenities that Pelican Bay offers, with 2 beachfront restaurants and tennis/fitness centers, residents of Bay Colony also enjoy their own private Bay Colony Beach Club and Tennis Center. This exclusive amenity features an outstanding gourmet restaurant and a casual pub, as well as an outdoor Chickee Bar around an adjacent pool. Private beach service also provides lounge chairs, umbrellas, beach towels and beachside dining and drinks. The Bay Colony Beach Club also functions as a social club, organizing many activities such as weekly Happy Hour events, special wine tastings, theme dinners, beach barbecues and bridge games. The Contessa condo building is a high rise directly on the beach. This "casual elegance" condo is on the 8th floor, above the Lobby and Amenities level floors. Both of those levels were newly renovated and also feature a new gym, social room and two guest suites available to rent. The condo faces due West and Southwest, with it's fresh and bright decor. A sunset can be seen from every room of this 2 BR and 2 1/2 Bath condo, with the Gulf's waves being heard curling on the sand. It truly is a slice of heaven to experience this astounding paradise.
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Our Executive Mortgage Banker:
Our Insurance Division:
$29,000
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 | $23,200 | $23,200 | $23,200 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $156 | $154 | $196 |
Total Monthly Payment | $231 | $229 | $271 |
* 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.