AMAZING WATERFRONT INVESTMENT OPPORTUNITY!! Own a piece of PARADISE on CLEARWATER BEACH with views of the Intracoastal from the front door! Excellent ‘ON SITE RENTAL MANAGEMENT OFFICE’’ open every day to handle the short-term rentals and help Guests with all their needs! Many of these Guests are repeat business - booking year-after-year! This Condo is completely furnished, with a fully equipped kitchen, and a NEW HVAC in 2024. The newly completed Community Dock has ample seating to relax and watch the dolphins, manatees, and boats go by. The Community pool is heated, with an outside shower, surrounded by lush landscaping with plenty of tables & chairs and ample sunbathing space. You’ll find a BBQ grilling area in its own little courtyard with picnic tables/umbrellas. Bikes, Kayaks, Beach Chairs, Toys/Games and other fun amenities including a mini-golf course and shuffleboard, and fishing items are complementary. Roof, Windows, Sliders, Siding, Painting, Blacktop all done within the last few years, with other updates and improvements on the horizon. Each Condo has its own assigned parking spot. Five Palms is an absolute HIDDEN GEM! Out of respect for the Rental Guests and to maintain privacy at the property, it is preferred that appointments be made 48 hours in advance when Condo is occupied. The Five Palms community is just a short walking distance to the award winning Clearwater Beach with fun events happening daily! 5-star restaurants, casual hangouts, Pier 60, and activities for all ages. Make your appointment today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$319,000
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 | $255,200 | $255,200 | $255,200 |
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 | $407 | $407 | $407 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,698 | $1,741 | $2,206 |
Total Monthly Payment | $2,180 | $2,223 | $2,688 |
* 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.