Flamingo Ranch boasts a spacious 5, 000+ square feet of meticulously designed living space, featuring 5 bedrooms and 4. 5 bathrooms. With 300 feet of shoreline along the serene Lemon Bay, the property spans nearly 3 acres, providing a picturesque backdrop for a life of coastal elegance. The residence is strategically positioned to take full advantage of its waterfront location, offering a deep water dock equipped with two boat lifts. This ensures direct access to both the intracoastal waterway and the Gulf of Mexico, making it a haven for boating enthusiasts and those seeking the ultimate maritime experience. The architectural excellence of Flamingo Ranch is evident in its construction, featuring solid block construction, foam insulation, hurricane-rated windows, and/or shutters. This home is built to withstand the elements, providing peace of mind and security in any weather condition. Moreover, the property is situated in a "X" flood zone (!), to which flood insurance might not be required by a lender. The interior layout of the residence is thoughtfully designed, with the master bedroom located on the ground floor for convenience and seclusion. Upstairs, four additional bedrooms provide extra privacy for family members or guests. The open floor plan creates a seamless flow between the living spaces, making it ideal for entertaining friends and family. Flamingo Ranch also offers a wealth of amenities, including a heated, salt water pool and a private pond, that adds a touch of natural beauty to the property. For added convenience, a back-up generator is in place, ensuring uninterrupted power supply. The detached 3-car garage includes a workshop and a 44 x 12 ft storage area, providing ample space for vehicles, tools, and recreational equipment. Indulge in the luxury of Flamingo Ranch, where every detail has been carefully curated to offer a lifestyle of comfort, convenience, and coastal splendor. Experience the epitome of waterfront living in this Palm Island paradise. Lot can be subdivided into 2-1. 25 acre parcels. Close proximity to Coral Creek Airport! Home sustained no damage hurricanes Helene or Milton and has an elevation certificate showing home is in and "X" flood zone, not requiring flood insurance. Seller does carry a flood policy which should be transferable to buyer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,900,000
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 | $3,920,000 | $3,920,000 | $3,920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.545% | 6.748% | 6.932% |
Monthly Tax Payment | $2,430 | $2,430 | $2,430 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $25,425 | $25,100 | $34,688 |
Total Monthly Payment | $27,980 | $27,655 | $37,243 |
* 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.