Pre-Construction. To be built. The Residences at Town Center is an ALL waterfront, beautiful, residential condo @ Madeira Beach town center community which has/will have 2 resorts, a marina, 40K sqft of retail, restaurants, shops. It has 5 Stories, 27 units which offer 4 spacious direct waterfront floor plans to choose from with large spacious balconies to enjoy the warm, beautiful views. . ALL units are 3 bed/3 bath ensuite and some floor plans even have a den. You deserve first class superior strong construction, luxury finishes, privacy, security nestled on a protected harbor within a few hundred yards from the TOP 10 beach in the USA, with FUN restaurants, bars, boutiques, grocery, dog park, softball, library, splash pads, fishing pier, parks, band shell, etc. This is one of the only properties available on the Gulf Beach islands that's totally pet friendly, offering no weight limits for 2 domestic pets. All you need to do is decide which floor plan best suits your lifestyle. Enjoy the tax advantages of making this your primary residence/ homestead or enjoy the luxury of being able to rent your unit w/ a 30 day minimum rental period. Anticipated rooftop cabanas and storage units are also available for purchase. A marina is on site with boat split available for rent as available. Enjoy the pre construction pricing while it lasts. Anticipated ground breaking in Q1 of 2022. There are 3 finish packages to choose from. Secure your piece of paradise at The Residences at Madeira Beach Town Center. Welcome home.
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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 | $925,880 | $925,880 | $925,880 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.799% | 6.876% | 6.850% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,160 | $6,005 | $8,129 |
Total Monthly Payment | $6,285 | $6,130 | $8,254 |
* 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.