DIRECTLY BEACHFRONT. Large private balcony directly overlooking the Gulf. Panoramic views from the 6th floor balcony. Both the living room and master bedroom open directly onto the large beachfront balcony that directly overlooks the beach, pool, Jacuzzi and Gulf. Terrific views from the living room, main bedroom and even the guest bedroom with views of the intercoastal waters. Only 2 minutes (. 06 miles) to John's Pass Village.
Sea Breeze 602 is undeniably a workhorse vacation rental condo, running at over 80% occupancy in 2023. Short term rental proceeds could really flourish with NEW renovations, the new cabinetry, fresh paint and such that were completed in May. It has excellent potential capability. Being located within walking distance to John's pass Village and Boardwalk is a major plus. It is location, location, location here. The condo is fully furnished, turn key and is perfect for a second home and/or vacation rental. Three night minimum rental period. Pre-Booked well into 2024. Projected rental schedule available. Beachfront, prime location, priced to sell. Sea Breeze has a large heated pool, a large Jacuzzi spa and a Bocce Ball court. Sea Breeze owners and guests love the beachside tiki huts, beachside grills and deck furniture. Sea Breeze is one of the most desirable locations on the beach.
NOTE: MILESTONE INSPECTION COMPLETED AND PASSED IN MARCH 2024.
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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 | $760,000 | $760,000 | $760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.110% | 6.735% | 6.680% |
Monthly Tax Payment | $782 | $782 | $782 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,929 | $4,866 | $6,620 |
Total Monthly Payment | $5,803 | $5,740 | $7,494 |
* 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.