Under contract-accepting backup offers. Palm Bay Resort - Siesta Key! An Absolute Investor's Paradise! Palm Bay Club is a Beach to Bay community featuring an exceptional on-site rental program with a rare 3-day minimum rental policy. This charming 2-bedroom, 2-bathroom condo on the third floor offers an elevator and a lovely outdoor porch. Experience tranquility with picturesque tropical courtyard views, just steps from both the beach and the bay.
This property is priced to sell and presents a designer's canvas for your creative and unique ideas. You'll adore the incredible amenities: relish breathtaking sunsets, enjoy leisurely beach walks, or host a BBQ cookout by the bayside near the Fishing Pier, Day Docks, heated pool, and custom hot tub while watching yachts and dolphins. Stay active in the fitness center or play tennis and pickleball with your family. There are two heated pools on the premises and secure gates with 24-hour security at Palm Bay.
Don’t let this opportunity slip away to enjoy both the beach and the bay while earning rental income. Your new investment is waiting for you. Start creating unforgettable memories with family and friends. Palm Bay Club is highly sought after by investors.
Conveniently located just minutes from shopping, dining, entertainment, golfing, biking along the Legacy Trail, exploring Siesta Key, boating, and experiencing the vibrant Arts and Culture of Downtown Sarasota.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$599,000
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 | $479,200 | $479,200 | $479,200 |
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 | $520 | $520 | $520 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,188 | $3,148 | $4,041 |
Total Monthly Payment | $3,800 | $3,760 | $4,653 |
* 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.