Escape to paradise with this remarkable beach house that boasts breathtaking views of the Gulf of Mexico! This fully turnkey home is an investors/2nd homeowners dream! This home has track record of massive rental income! This home has been seen to bring in over $350, 000 gross income in a single year when fully available to rent. Not only are you steps away from the beach but you are also a short walk to the popular Bridge Street with tons of restaurants/bars/shopping/nightlife. On top of all this there is a day dock a few steps away to park a boat or jet skis! Experience the spaciousness of an open floor plan that seamlessly blends indoor and outdoor living. Dive into luxury with an incredible pool featuring a thrilling waterslide. Enjoy a lifestyle filled with sunsets, sea breezes, and the joy of coastal living. Whether you are looking for a getaway or a lucrative investment, this is the property you’ve been waiting for. Join us for an exclusive viewing to witness the allure of coastal living. (Please note this is a very active vacation rental home and showing may be hard on some days. )
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,500,000
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 | $2,800,000 | $2,800,000 | $2,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.296% | 6.622% | 6.680% |
Monthly Tax Payment | $3,511 | $3,511 | $3,511 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $18,161 | $17,698 | $24,391 |
Total Monthly Payment | $21,797 | $21,334 | $28,027 |
* 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.