The essence of paradise describes this sophisticated home in the coveted Tower Pointe at Arbor Trace. Remarkable views of the Gulf of Mexico greet you upon entering the foyer into the generous great room with two distinct outdoor living spaces. This spectacular home comes with 2 incredibly rare parking spots. Residents take advantage of Arbor Trace’s exceptional amenities, including a resort-style pool, tennis and bocce courts, a golf putting green, special events, gourmet dining and the 17th level Top of the Pointe Club overlooking the Bay and Gulf. Benefit from comprehensive support services such as 24-hour medical monitoring, transportation to medical appointments, shopping, and group outings. Optional housekeeping and maintenance services are also available. Arbor Trace is a vibrant 55+ community that offers the unique advantage of deeded condominium ownership with 100% equity and no financial or medical requirements, allowing you to rent, sell, or pass your home to your heirs. Enjoy peace of mind with an onsite continuum of care.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$899,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $413 | $413 | $413 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,665 | $4,605 | $6,315 |
Total Monthly Payment | $5,170 | $5,110 | $6,820 |
* 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.