Welcome to 608 Gran Bahama Blvd within the serene Bahama Bay Resort in Davenport! This charming and recently updated 2-bedroom, 2-bathroom corner condo sleeps 4 and is located on the second floor, well-designed and perfect for a vacation home, investment property, or short-term rental. Being recently updated within the last 3 years and with a gross rent of $35, 000 per year, an occupancy rate of 80% and a nightly rate of $120 this is an investor’s dream. As you step inside, a welcoming foyer leads to a convenient laundry closet conveniently located on the corridor. The hallway opens up to an open floor layout, with a fully equipped kitchen on the left and a comfortable bedroom and bathroom on the right, along with a linen closet. The heart of the condo is the inviting dining and living area, featuring elegant chair rail molding that adds a touch of charm. The master bedroom boasts an ensuite bathroom, complete with an additional linen closet for extra storage. Step out onto the private balcony, where you can enjoy views of the beautiful garden and tennis court. The balcony, accessible from both the living room and master bedroom, is the perfect spot for morning coffee or evening relaxation. Situated in the sought-after Bahama Bay Resort, this community offers different amenities, including community pools, hot tubs, splash pad, a sandy beach, a clubhouse, and recreational activities including a fishing dock on Lake Davenport Lake, walking trails, on-site restaurant and spa, tennis court, pickle ball and volleyball court; all while being conveniently located near theme parks, shopping, and dining. Call today for a private showing and schedule a viewing today!
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$239,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $191,200 | $191,200 | $191,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $177 | $177 | $177 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,240 | $1,224 | $1,588 |
Total Monthly Payment | $1,492 | $1,476 | $1,840 |
* 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.