CHARMING WATERFRONT RETREAT ON "PALM ISLAND" WITH GULF ACCESS!
Experience the best of island living in this beautifully renovated 3-bedroom, 3. 5-bath home located directly on the Yacht Basin Lagoon with direct boating access to the Intracoastal Waterway and the Gulf of Mexico. Whether you’re an avid fisherman or enjoy the serene beauty of Florida’s west coast, this home offers unparalleled opportunities for fishing, boating, and sightseeing.
Just across the street, you’ll find 7 miles of pristine, quiet, white sandy beaches adorned with colorful shells and shark teeth—a true haven for beachcombers and nature enthusiasts.
This home has been thoughtfully updated inside and out, featuring:
A newer metal roof.
An updated kitchen and baths with a charming coastal cottage design and an open, airy floorplan which brings everyone together.
Durable and stylish tile and wood flooring throughout.
The large screened porch off the living area provides a peaceful retreat with breathtaking views of the lagoon, offering incredible privacy. Upstairs, the private porch off the primary bedroom showcases stunning sunsets over the Gulf every evening. Each spacious bedroom includes its own en-suite bath, ensuring comfort for family and guests.
Beneath the home, you’ll find ample storage and a full concrete patio, perfect for outdoor living and entertaining.
The small HOA community offers fantastic amenities, including a community pool, a tiki hut for gatherings, and 40' of dedicated dockage per home.
Accessible via a short (approximately 3-minute) car ferry ride, Palm Island provides a tranquil escape from the hustle and bustle, offering laid-back living in one of the last remaining slices of Old Florida. Surrounded by stunning natural beauty, this is island living at its finest.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,395,000
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 | $1,116,000 | $1,116,000 | $1,116,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.545% | 6.748% | 6.932% |
Monthly Tax Payment | $1,362 | $1,362 | $1,362 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,238 | $7,146 | $9,876 |
Total Monthly Payment | $8,725 | $8,633 | $11,363 |
* 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.