Beauty on the Bay will be found in this delightful 2 bedroom 2 bath condo at Windward Bay; in fact the ONLY unit currently on the market at Windward Bay with all assessments fully paid off, including the 15 year community capital improvement assessment and the 30 year Longboat Key Undergrounding assessment! You will immediately notice the full bay view unobscured by the many mangrove islands behind most of the buildings in Windward Bay. The photos readily show you the location of this particular building directly across from the amenity center as well as the owner's good taste used in the unit's updated interior with brand new luxury vinyl plank flooring, GE Profile double oven, Bosch stacking washer/dryer, Hunter Douglas window treatments, granite countertops and Brookhill custom wood cabinets in kitchen and baths, Honeywell Wi Fi thermostat with humidity control & Moen plumbing fixtures. Windward Bay is a low-density pet friendly community nestled on 26 acres with 1/2 a mile of waterfront trails, 3 nearby beach accesses, 2 tennis/pickleball courts, 2 marinas with 28 boat & jet ski slips for a low monthly fee (waitlist), kayak racks, 2 heated pools, shuffleboard, bike racks, a clubhouse with kitchen, library, fitness room, meeting room, 2 saunas, and two community fire pits. The property's mid key location affords you easy access to the many eateries and shopping opportunities not only on Longboat Key but also neighboring Anna Maria Island and St Armands Circle. For added security, The State of Florida Structural Integrity Phase 1 Milestone Inspection is complete and Windward Bay is certified for an additional 10 years.
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Our Executive Mortgage Banker:
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$795,000
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 | $636,000 | $636,000 | $636,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.278% | 7.159% | 6.276% |
Monthly Tax Payment | $691 | $691 | $691 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,178 | $4,227 | $5,363 |
Total Monthly Payment | $4,961 | $5,010 | $6,146 |
* 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.