Coastal Dream Property at 5212 Beacon Road, Bay Colony! Welcome to your future home by the water! Nestled on the serene Terra Ceia Bay and Exeter Harbour, this prime property offers the ideal waterfront lifestyle with 93 feet of deep water access—perfect for boating enthusiasts, vacation rentals, or a stunning primary residence. With no bridges to the Gulf of Mexico, this location promises easy navigation by sea and sits conveniently between Sarasota and St. Pete, making it accessible by land too. Enjoy the benefits of a non-deed-restricted community where your possibilities are endless! While recent storm activity removed the dock, the home remains high and dry, and a brand-new roof will be installed by November 7, 2024. Imagine yourself sipping morning coffee while you enjoy the sunrise over open water views from this beautiful spot. Don't miss this rare opportunity! Call us today to arrange a private showing. Remember, reaching out directly to Zillow or similar sites may not connect you with our listing office. This could be the one you’ve been waiting for! Roof has been tarped and photos are photoshopped.
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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 | $519,920 | $519,920 | $519,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $499 | $499 | $499 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,459 | $3,456 | $4,385 |
Total Monthly Payment | $4,050 | $4,047 | $4,976 |
* 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.