The only single family homes on the beach under $3 million from Tampa to Palm Island! Please don't miss this one! The position of this home provides one of the best views on Palm Island! Come experience the constant gulf breeze when visiting. Come and feel captivated every time you gaze into the Gulf waters looking for the next dolphin to jump or pelican to splash. you have been warned : ) This Peaceful beachside 2 bedroom 2 bath paradise will not disappoint. Situated just steps from the Gulf waters with pristine white sand beach and a long range view, capturing mother nature at its best. Just bring your suit cases because this is a fully appointed, professionally finished and decorated. The living area of this home did not sustain any damage with any of the hurricanes, only some decking underneath was damaged and has been newly installed and back better than before. Palm Island is a special place just being rediscovered, don't miss your opportunity to purchase one of the best beachfront locations on the island at a fraction of the cost. Ground floor includes storage for all your beach toys and a beautiful deck with hot tub looking over the beach and the Gulf. An outside lift takes you to your main living area, step inside and you will find tile flooring throughout and a gorgeous kitchen that opens back up to your front deck where you can enjoy coffee, breakfast and the rising sun. By mid day you may want to enjoy a book on your cozy bench seat in the bay window with unobstructed views down the beach. Entertain guests in the spacious living area with sliding glass doors and windows to bring the outside in. After the incredible sunset retire to your master bedroom with a set of 3 sliding glass doors that pocket completely open to allow the gulf breezes and peaceful sounds of the Gulf to lull you to sleep. Don't wait for your home to be rebuilt or remodeled when it's already done at a better location!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,995,000
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 | $1,596,000 | $1,596,000 | $1,596,000 |
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 | $1,448 | $1,448 | $1,448 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,618 | $10,352 | $14,123 |
Total Monthly Payment | $12,191 | $11,925 | $15,696 |
* 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.