Under Construction. Under construction. A new elaborate home being built by Baywalk Custom Homes on a large lot on a great quiet street on Davis Islands! This 5 bedroom home with additional office/den, large gameroom, pool /spa and gazebo + a 4 car garage will be featuring many elegant details. As you enter the home you will immediately observe the 22 ft ceiling in the large open family room and the view through the home to the large patio and pool & spa in the backyard. The first floor features a formal dining room with wine storage, an elegant den/office, a downstairs bedroom suite, and a huge kitchen with double islands, Thermador appliances, marble countertops, separate walk-in-pantry as well as a mudroom with laundry capability and a dog bath! Before heading to the second level please note the 3 car garage and the separate golf cart garage (Davis Islands is a golf cart community with access to a dozen restaurants, coffee shop, dog park, beach and our own airport!) On the second floor you will find a very generous primary suite, which includes a primary bath with separate vanities, combined enclosed shower & tub area plus a very large primary walk-in closet with built-ins and a large island. On this level you will also find additional 3 bedroom suites, a great laundry room and a game room with wet bar & endless opportunities to create your own "play" area. The game room opens up to an adjacent balcony for additional entertainment space.
And, did I say that an elevator is included for convenience?
The large backyard will feature a large saltwater pool, heated spa and besides a lounge area by the pool the final touch is a gazebo to create shade on a sunny and hot day! The home features all block construction with 12 ft ceilings on first floor, 10 ft on second level, impact windows and doors, foam insulation & hardwood floors throughout.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,250,000
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 | $4,200,000 | $4,200,000 | $4,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.148% | 6.748% | 6.786% |
Monthly Tax Payment | $416 | $416 | $416 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $27,591 | $26,893 | $36,876 |
Total Monthly Payment | $28,132 | $27,434 | $37,417 |
* 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.