One or more photo(s) has been virtually staged. Considered one of the finest community-owned marinas on the west coast of Florida, Southbay Yacht & Racquet Club features a seven-acre, deep-water boat basin that will accommodate kayaks, jet skis, sailboats, powerboats, catamarans and yachts up to 55 feet in length. With a 6-foot depth at mean low tide, the marina can accommodate 175 boats owned by its residents. In Southbay, the HOA fees are only $408 per quarter and it’s also affordable to keep your boat in a slip that includes water and electric. With the Southbay neighborhood in your backyard and marina in your front yard, this beautiful, completely renovated waterfront home features three bedrooms, four full baths, a flex-space office and it’s on one of only two waterfront streets in the community. The residence, which has stunning views of water from many of its rooms, boasts a tray ceiling inside the front entry, porcelain plank tile flooring, spacious open rooms, an abundance of impact-rated windows and sliding glass doors, a lovely entertainment kitchen that includes a breakfast area, along with spacious family room and dining room areas. And the expansive outdoor pool space, with a newly built custom pool and spa, is framed with a panoramic, clear-span pool cage which features an expansive stone-tiled sundeck, along with ample covered areas for outdoor dining and entertaining. The primary suite offers privacy and boasts a double-door entry to the pool and spa. The primary bath features a deep soaking tub, a frameless glass shower, dual vanity sinks, large format floor and wall tile, and two walk-in custom closets with organization systems. There are two guest bedrooms with en suites, one with marina views and the other opens to the pool area, and both feature custom reach-in closets. This home is move-in ready, with a three-car garage, brick paver driveway and mature landscaping. The home overlooks the Southbay Yacht & Racquet Club Marina which features a newly renovated clubhouse that offers grand views of the marina. Inside, there’s a 99-person ballroom with catering kitchen and dance floor, community room with kitchen, piano and entertainment area, a fitness room with aerobic and strength training equipment, a card room, library and meeting room. The community also has a geothermal heated pool, a youth pool, covered outdoor patios with furniture, three tennis courts, four pickleball courts, a bocce ball court, two shuffleboards courts, basketball court, kayak storage area, a waterfront park, 20 acres of common ground and five miles of meandering sidewalks. The development is golf-cart friendly and the community hosts weekly, monthly and multiple annual events, plus there’s even a Power and Sail Club. You’ll love living in this waterfront home and this special community. Be sure to request a copy of the 50-page digital property catalog, along with viewing the property film.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,156,000 | $2,156,000 | $2,156,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.286% | 6.874% | 6.972% |
Monthly Tax Payment | $1,114 | $1,114 | $1,114 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,344 | $13,984 | $19,079 |
Total Monthly Payment | $15,583 | $15,223 | $20,318 |
* 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.