Enjoy the Florida lifestyle today in this beautifully furnished 2BR/2BA ocean view condo on the top 3rd floor at Point East located on the car free beach! Turn-key condo allows short term rentals so it is a cash producing investment that you can enjoy as much as you want between renters. Experience breathtaking views of the courtyard, pool & the beach from the living room & the MBR which open to the southern facing balcony & just 2 back from the ocean! Gourmet kitchen has SS appliances new in 2020, a large pantry and is completely stocked for family get togethers! Upgrades to this fabulous condo include new A/C 2023, new windows & doors 2018 & water heater new in 2019. Major renovations to the community in 2021 include new roof, seawall, windows, balconies & more & the exterior of the building & walkways were just repainted November, 2024. The building is in top condition and the budget & financial situation is also in great shape. Seller has many repeat renters through VRBO and will be glad to show a new buyer their website & process to accommodate & maximize potential rental income. No minimum rental period and a pet friendly complex for owners! Large private storage closet, 6x8, is great for beach equipment, golf clubs & fishing gear. Located one block to Shopping center with a Dollar Food store, restaurants, fitness center, hair & nail shop & only 1 mile to Publix shopping center with more shops & restaurants. Only 2. 5 miles to historic Flager Ave. where you can enjoy wine walks, art shows, shops & bistros. Enjoy the many amenities Point East has to offer, including a large heated pool, kiddie pool, clubhouse, library, bike room, shuffleboard & a private storage unit. Situated next to the 27th Ave. park which offers a kids playground, basketball, picnic tables & lots of parking for extra guest.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$520,000
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 | $416,000 | $416,000 | $416,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.295% | 6.538% |
Monthly Tax Payment | $552 | $552 | $552 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,768 | $2,803 | $3,567 |
Total Monthly Payment | $3,412 | $3,447 | $4,211 |
* 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.