Embrace the splendor of the Gulf of Mexico and the expansive 10, 000 Islands from this extraordinary, ideally positioned unit in the Monterrey at Cape Marco. From dawn till dusk, the unobstructed views are simply magnificent, with an inviting breakfast area off the kitchen that perfectly frames the endless seascape. The master suite offers direct access to a spacious, gulf-front lanai, providing a front-row seat to endless coastal views.
This 2-bedroom, 2-bathroom residence includes a versatile den that can easily transform into a third bedroom, accommodating guests or expanding living space. Each bedroom and the den come with convenient electric hurricane shutters, offering both comfort and protection. The kitchen boasts sweeping views, and the full-size laundry room provides practical convenience. Filled with natural light and move-in ready, this home invites immediate enjoyment or personal customization.
Monterrey’s top-tier amenities include a resort-style pool, a state-of-the-art fitness center, a social room with a full kitchen for gatherings, and private beach access. As part of Cape Marco's exclusive gated community, residents also enjoy access to a clubhouse, tennis courts, and additional fitness facilities. Recent building enhancements in Monterrey include upgraded electrical panels (expected completion in 2025), a raised electrical conduit system (completed in 2023), modernized elevators, a flat roof replacement (2020), a new metal roof (2022), and comprehensive painting and waterproofing (2019).
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,400,000
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 | $1,120,000 | $1,120,000 | $1,120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.851% | 6.704% |
Monthly Tax Payment | $818 | $818 | $818 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,171 | $7,264 | $9,756 |
Total Monthly Payment | $8,114 | $8,207 | $10,699 |
* 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.