Experience the ultimate beach lifestyle in this stunning condo set. With a modern and stylish remodeling, this luxurious 2-unit condo is complete with floor-to-ceiling windows and offers breathtaking views of the Atlantic Ocean. The two units, 620 & 621, combine for 793 square feet of beauty, ensuring ample space for everyone to relax and unwind in comfort. 621 features a brand new stylish king-sized bed, two new sofa chairs, a beautiful bathroom, and porcelain tile floors throughout. The second unit, 620, features two queen sized beds, new stylish futon sofa, a kitchenette, a standing showing in bathroom, porcelain tiles throughout, and this unit can comfortable accommodate up to five guests. Relax and indulge in a range of incredible amenities, including a fully remodeled lobby area, updated hallways with new carpet installed in 2024, a spectacular pool, and a tiki bar. All this comes with an opportunity to join the daily rental program run by the on site management team. You can enjoy extra income with hassle-free for you, with 80/20 profit split. These two units stand out against the competition because these two units have been fully remodeled and have incredible views. A proved track record of rentals as well as any future rentals will transfer with new ownership. The best feature of this condo is the location! Just steps from the sandy beaches of Daytona, you’ll have your own piece of paradise right at your fingertips. Whether you’re looking for a quiet escape or a vibrant beach scene, you’ll find everything you need to unwind as well as recharge in this gorgeous and luxurious condo. Note: Unit 620 comes with a long term renter and lease will transfer to new owners. HOA of $809 monthly fee that covers all amenities is completely covered by this renter. As of November 2024 the assessment fee has ended. There will be additional income coming from all rentals of the 2nd condo 621 with the 80/20 split. If interested the new owners have the option to keep 621 off the rental program, just for personal use.
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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 | $199,920 | $199,920 | $199,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.508% | 7.171% | 6.392% |
Monthly Tax Payment | $83 | $83 | $83 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,364 | $1,329 | $1,701 |
Total Monthly Payment | $1,522 | $1,487 | $1,859 |
* 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.