This Gulf-front two-bedroom, two-bathroom condo on Palm Island Resort offers a picturesque retreat in Southwest Florida. Here are the highlights of this inviting property: Gulf-Front Location: Situated directly on the Gulf of Mexico, this condo provides breathtaking views of the coastline and stunning sunsets. Residents can enjoy easy access to the private beach, creating a serene and idyllic setting. Fully Turnkey Furnished: The condo comes fully furnished, making it convenient for immediate occupancy or rental. All furniture and soft goods are included in the sale, ensuring a seamless transition for the new owner. Amenities: Palm Island Resort offers a wide range of amenities for residents and guests to enjoy, including private beach access, community boat docks, a grilling station, tennis courts, clubhouse, playgrounds, gym, restaurant & bar, rentals for golf carts, bikes, kayaks, paddleboards, beach toys, 24-hour security, bellman services, mail delivery, parking, and a heated swimming pool/spa. These amenities enhance the overall experience of living or vacationing on the island. Tranquil Environment: Despite its many amenities, Palm Island Resort maintains a peaceful and uncrowded atmosphere, allowing residents and guests to relax and unwind in a tranquil setting. Whether lounging on the beach or exploring the island's natural beauty, peace and serenity are abundant. Rental Program: This unit is currently enrolled in the Palm Island Resort Rental program, offering potential income opportunities for the owner. With its desirable location and amenities, it's likely to attract vacationers seeking a luxurious and relaxing getaway. Overall, this Gulf-front condo on Palm Island Resort provides an unparalleled opportunity to experience the beauty and tranquility of Southwest Florida. Whether as a personal retreat or an investment property, it offers a perfect blend of coastal living and resort-style amenities.
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Our Executive Mortgage Banker:
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$350,000
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 | $280,000 | $280,000 | $280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | $566 | $566 | $566 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,886 | $1,861 | $2,361 |
Total Monthly Payment | $2,527 | $2,502 | $3,002 |
* 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.