Discover this move-in-ready, extra-large 640 sq. ft. condo in the heart of Paradise! This meticulously maintained building boasts hurricane-impact windows and exterior doors throughout, offering peace of mind and security. With low monthly HOA fees and robust financials, it’s an excellent investment choice. The building features a newer roof (2018) and a freshly paved parking lot (completed 2025). Exciting updates are on the horizon, with the entire property scheduled for re-landscaping in 2025. As a two-story structure, it is exempt from Florida's "Milestone Inspection" and "Recertification Process" requirements, ensuring hassle-free ownership. Enjoy exclusive access to the highly sought-after Marco Island Residents’ Beach Pass, and take a leisurely bike ride to Tigertail Beach, just under two miles away. With the flexibility of monthly rentals (up to 12 times per year), this unit is an ideal option for both personal enjoyment and generating rental income. Centrally located, you'll find dozens of dining options within half a mile, along with the vibrant Veterans Park, which hosts free outdoor concerts and a lively weekly Farmers Market. Whether you’re looking for a serene retreat or a lucrative investment, this property checks all the boxes!
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Our Executive Mortgage Banker:
Our Insurance Division:
$229,900
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 | $183,920 | $183,920 | $183,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.386% | 6.623% |
Monthly Tax Payment | $96 | $96 | $96 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,224 | $1,255 | $1,590 |
Total Monthly Payment | $1,395 | $1,426 | $1,761 |
* 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.