AVAILABLE FOR THE 2025 SEASON! Magnificent 18th floor luxury high-rise condominium in The Colony at Pelican Landing. Panoramic view of Estero Bay and the Gulf of Mexico beyond. Professionally decorated with a simple elegance that is both formal yet inviting. The formal living room area features a three-seat sofa and coordinating loveseat. The formal dining area features a round glass top table offering seating for four. The kitchen has been furnished as the more formal dining area with ample seating for six and an extended bar area offering three bar stools for more casual dining. Incredible view of Gulf of Mexico from living room, kitchen and primary bedroom. Full three-bedroom unit. Private and secured elevator entry. This Incredible Condominium offers luxury living at its best with amenities that rival those of a five star hotel. Palermo amenities include beautiful swimming pool, very large hot tub, cabana area, grill, fitness room and billiards and lounge room.
The Colony is a prestigious gated community located within Pelican Landing. Bay Club membership is available. The romantic three-story Bay Club overlooks the beauty of Estero Bay and offers a formal dining room, casual dining room, private dining, lounge and balcony seating with sweeping sunset vistas. Reserved exclusively for the dining enjoyment of The Colony residents and their guests.
Pelican Landing is a 2, 365-acre gated community dedicated to preserving, protecting and enhancing the natural environment. Community amenities include a boat shuttle that provides transportation to and from a 34-acre gulf island Beach Park located at the northern tip of Big Hickory Island. Beach Park facilities include an elevated beach house with open decks, restrooms, shower facilities, nature library, beach bocce courts, open and screened picnic pavilions, beach chairs and umbrellas. The Community Center offers endless social activities and features a state-of-the-art 3, 200 sq. ft. fitness center and 1, 200 sq. ft. aerobics room. The Tennis Center has 12 har-tru courts (7 lighted) and a pro shop. Residents can enjoy private or group lessons or participate in one of the many scheduled events. Canoes and kayaks are available for residents use on Spring Creek, a tributary of Estero Bay, and Coconut Point Marina, which gives access to Estero Bay, Mound Key and the beaches.
***Information contained herein deemed reliable but not guaranteed***
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $8,000 | $8,000 | $8,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $53 | $53 | $67 |
Total Monthly Payment | $128 | $128 | $142 |
* 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.