Under Construction - Welcome to your new home at Coral Bay by D. R. Horton. Coral Bay is our newest gated community in North Ft. Myers, FL and is in one of the best locations! This is D. R. Horton’s Tradition Series. The Shelby Plan offers 2, 221 sq ft of living space with 3 bedrooms, den and 2. 5 baths!! Need more garage space? This home offers a “tandem” (32’ deep) 2 car garage, perfect for that extra storage! The open floor plan is comfortable or elegant, whichever you prefer, with a large great room and tray ceiling. The primary bedroom also boasts a tray ceiling, spacious double vanity with under mount sinks, with solid surface countertops, large soaking tub, walk in shower and has two large walk-in closets. Stainless kitchen appliances; impact windows throughout! NO FLOOD INSURANCE REQUIRED. Low Homeowner’s Insurance through D. R. Horton Insurance. Full one year warranty through the builder and 10-year structural warranty! Coral Bay offers low HOA fees, and a low annual CDD fee. Enjoy the beautiful amenities right in your own neighborhood, bocce ball, pickle ball, resort style pool, beautiful modern clubhouse and tot lot and splash pad area. North Ft. Myers is a growing area, close to medical facilities, schools, shopping, downtown River District, downtown Punta Gorda, dining and other Florida attractions.
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:
$445,455
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 | $356,364 | $356,364 | $356,364 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.160% |
Monthly Tax Payment | $67 | $67 | $67 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,371 | $2,341 | $2,983 |
Total Monthly Payment | $2,513 | $2,483 | $3,125 |
* 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.