CocoBay is a charming, gated community of 33 detached villa homes nestled within the exclusive community of Pelican Bay. Arguably, situated on one of the most private and desired oversized lots, this 4+den/4. 5 bath/3-car garage secret-garden courtyard home with nearly 3, 400SF of AC living area enjoys one of the most unique and enchanting outdoor living spaces with a sparkling pool, multiple covered loggias, patios and screened lanais. Spectacular natural light is abundant in this home which encompasses the main villa with gracious master suite with two-full baths and private screened lanai, a den with open air patio, living and dining rooms with soaring ceilings and transom windows, an expansive kitchen with morning room, and center island breakfast bar that flows seamlessly into the family room with convenient access to the sprawling outdoor patio and pool area of nearly 2, 700SF. Renovations connected a two-bedroom, one bath guest wing to the main villa, while guests can retreat to a “true” detached one-bedroom cabana with full bath and outdoor shower. Two HVAC units, two water heaters, pool pump and roof replacement within the last four years allows you to focus on the aesthetics. Offered AS-IS, this very special property is ready for renovations and enhancements to transform it into the ideal luxury coastal sanctuary. Pelican Bay residents are spoiled by world-class private beach clubs with full-service restaurants and bars, beach attendants, walking/biking paths, two racquet facilities, use of kayaks/canoes/sailing vessels, staffed fitness center with group classes, spa and wellness center, optional golf membership and ideal location for which Pelican Bay is treasured! Welcome Home.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,595,000
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 | $2,876,000 | $2,876,000 | $2,876,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.826% | 6.936% |
Monthly Tax Payment | $445 | $445 | $445 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $18,654 | $18,654 | $25,450 |
Total Monthly Payment | $19,224 | $19,224 | $26,020 |
* 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.