101900 Overseas Hwy, Out of Area, FL, 33037 | $24,800,000

Gorgeous waterfront boutique hotel. 2. 6 acres on wide bay. There is a peninsula, marina, boat ramp, beach, 2 pools, kayak and paddle board area. Each of the 6 buildings has 2 to 3 story ceilings. There are 8000 sq ft. Of covered wrap around patios. Built above code and completed at end of 2017. The rooms are large, with full kitchens and laundry rooms. The villas have attached lock out suites. Beautiful landscaping. Sleeps 64 with lots of entertainment areas. Contiguous on South side of property is Dolphins Plus. This is 2 acres on wide bay. Established turnkey business include offices, classrooms, gift shop, 4000 sqft buildings ample parking. 6 Dolphins, 2 lagoons, and much more! Sold separately Dolphin Point Villas is 13. 9 and Dolphins Plus is 10. 9. Please call or email listing agent.

Features

  • Property Type: Hotel/Motel
  • Construction: Block
  • Garage: Common,Free Parking
  • Heating: Central,Electric
  • Cooling: Central Air
  • Year Built: 2017
  • Acreage: 4.6
  • Water Front: Yes
  • MLS#: A11693712
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A11693712/101900overseashwy_outofarea_fl?source=qrflyer
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Listing courtesy of Malouf Int'l Realty, Inc.   Phone: 305-255-5255

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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101900 Overseas Hwy, Out of Area, FL, 33037

$24,800,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $19,840,000 $19,840,000 $19,840,000
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 N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $128,682 $128,682 $175,566
Total Monthly Payment $128,807 $128,807 $175,691

* 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.