Welcome to the biggest & most spectacular 5-bedroom home in the renowned Southshore Bay lagoon-beach community. One of only a few homes with direct, unobstructed panoramic views of the 5-acre resort-style beach and less than 10-minute walk away. Just 1. 5 years old and meticulously maintained, constructed on both floors with concrete block, enjoy peace of mind year-round (no damage even from recent Cat-4 Hurricane Milton). Revel year-round in the large 750 sqft covered Lanai with enchanting LED string lights & ceiling fan, big enough for large parties or business. Perfect too for the children’s play zone or kiddie pool. Plus a fully fenced-in private backyard. Pamper yourself in the Master Bedroom with a Jacuzzi-brand 8-jet whirlpool and other amenities, including huge walk-in closet. First-floor bedroom has an adjacent bathroom with Walk-in shower & Koehler sliding glass door and grab bars. ADA compliant and ideal for children or adults with handicap needs. Kitchen upgrades include designer wall panels and a range hood vent – no more smokey kitchens when cooking! Rheem water softener system makes the whole-house water as pure as bottled water. Feel it when bathing and doing laundry! As part of the Southshore Bay community, HOA dues include UltraFi high-speed internet and cable TV package (Disney, etc. ) from Spectrum. Water sprinkler system with control & timer box ensures beautiful lawn & gardens (iconic FL papaya and palm trees are in front & back). Professionally maintained by the owners using a lawn mowing/landscape service. Crown jewel is the roof-top solar panels (and EV Level-2 charger in garage) to dramatically reduce the home’s carbon footprint and enhance value. Solar panels on this house generate 13, 720 kw (worth $2, 750 /yr and projected $28, 256 over 10 yrs). Almost NO electricity bill forever! TECO pays you annually for any excess electricity generated and unused. Imagine, a luxury home that passively earns you money!! Act quickly To make this dream home yours without delay.
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Our Executive Mortgage Banker:
Our Insurance Division:
$489,900
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 | $391,920 | $391,920 | $391,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | $700 | $700 | $700 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,575 | $2,605 | $3,305 |
Total Monthly Payment | $3,350 | $3,380 | $4,080 |
* 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.