Under contract-accepting backup offers. **WATERFRONT PARADISE ON AN OVERSIZED LOT WITH DEEP WATER ACCESS**
Discover an EXCEPTIONAL opportunity to own a premium waterfront property on Paradise Island. This 3-bedroom, 2. 5-bathroom home, set on an oversized 93' x 130' lot, offers the perfect setting for coastal living. With direct DEEP-WATER ACCESS, the property is ideal for large vessels and sailboats. The expansive 25' x 65' dock accommodates a yacht, featuring Tide Slides for SUPERIOR vessel protection. Additionally, two floating docks (EZ Docks) are included, one of which has a 5, 000 lb. vessel capacity with an air pump for easy boat lifts.
Outdoor living shines with a private saltwater pool, Pergola, and an outdoor summer kitchen—perfect for entertaining. The circular paver driveway leads to a spacious 2-car garage, enhancing convenience and curb appeal.
While impacted by Hurricane Helene, the home is being sold "AS IS". The homeowners have completed the remediation process, with all affected areas removed. Electrical, plumbing, and HVAC systems have been inspected and certified by licensed contractors. Recent updates reflect the care and investment in the property, including a BRAND NEW HVAC system (9/2024), ROOF (2019), WATER HEATER (2017), IMPACT WINDOWS AND SLIDERS, and a new pool pump (2024). Please note that, due to the FEMA 50% rule, renovation feasibility is uncertain, and the seller makes no warranties regarding rehab potential. This presents a unique opportunity to either build your custom dream home or explore renovation in this coveted waterfront location. Don’t miss the chance to own a piece of PARADISE ISLAND and experience the ultimate in waterfront living!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,099,000
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 | $879,200 | $879,200 | $879,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $633 | $633 | $633 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,630 | $5,702 | $7,719 |
Total Monthly Payment | $6,388 | $6,460 | $8,477 |
* 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.