**Your Coastal Escape Awaits!** Embrace the ultimate beach and boating lifestyle in this exquisite end unit at Regatta III, ideally located in the coveted 05-stack at Vanderbilt Beach. This condo isn't just a residence; it’s a coastal sanctuary featuring a unique poolside cabana with water, electricity, AC and lounging area (sold separately) – a true gem! Take advantage of the flexible WEEKLY rental policy and pet-friendly atmosphere, making it perfect for personal enjoyment or investment opportunities. This bright 4th-floor unit boasts an open floor plan that seamlessly merges the spacious great room with a contemporary kitchen, complete with a breakfast bar and dining area, all leading to a generous screened lanai. Enjoy privacy with the primary bedroom thoughtfully separated from the two spacious guest bedrooms, enhanced by a recently renovated ensuite bath. Indulge in five-star resort-style amenities including a tropical pool with a stunning waterfall, a soothing spa, a cutting-edge fitness center, and a lap pool for your swimming delight. The gated community provides 24-hour guard service, ensuring your peace of mind and the community has been freshly updated with a new roof and modern paint, offering a sleek appearance. Location is key! Just steps from the pristine shores of Vanderbilt Beach and the luxurious NEW Ritz Carlton Residents, the Ritz Carlton beach Resort and LaPlaya. You'll also find Pelican Bay Community Park nearby, featuring pickleball courts, tennis facilities, and beautiful walking paths. Plus, enjoy upscale shopping, dining, and entertainment at Mercato, Waterside Shops, Venetian Bay, and The Pavilion, all within close reach. Seize this rare chance to own your slice of paradise – whether for personal enjoyment or as a profitable weekly rental investment!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,270,000
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 | $1,016,000 | $1,016,000 | $1,016,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.286% | 6.874% | 6.972% |
Monthly Tax Payment | $798 | $798 | $798 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,759 | $6,590 | $8,991 |
Total Monthly Payment | $7,682 | $7,513 | $9,914 |
* 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.