Welcome to the Inn @ Camachee, a charming waterfront community comprising 19 condotel units that provide picturesque views of the marina and the scenic Intracoastal Waterway. But what exactly is a condotel? It's a unique fusion of a condominium and a hotel room, allowing you to have ownership while also having the flexibility to lease it part-time and occupy it for a maximum of 105 days per calendar year. Unit #29 stands out as the second largest flat available, boasting two rooms instead of the typical one. Its corner location ensures abundant natural light, while two spacious decks offer magnificent vistas of the marina, Intracoastal Waterway, and the impressive Vilano Bridge. This tastefully decorated flat is fully furnished and equipped, ready for you to move in and start enjoying its cozy ambiance right away. Discover the perfect location just a little over a mile away from the nearest beach and the city gates, as well as St Augustine's beloved fort. Embrace the best of the city within easy reach. This roomy 2nd-floor unit boasts stunning water views from every angle. With two rooms, it offers utmost comfort for you and your paying guests, whether for a short or extended stay. Upon entering, you'll find a private bedroom that provides great privacy and ample natural light. Step onto the private deck and enjoy picturesque vistas of the waterway and the Vilano Bridge spanning across it. Savor the sunrise with a cup of coffee while planning your day's adventures. Adjacent to a small hallway, you'll find the bathroom, and the living room offers plenty of space for living, casual dining, and preparing snacks and light meals. You'll find yourself drawn to the deck time and time again. Facing west, it overlooks the marina and extends your view to the marsh beyond—nothing short of an idyllic spot for evening cocktails accompanied by breathtaking sunsets. As the owner, you have the flexibility to stay and enjoy the property for up to 105 days a year, configuring it as you please. The on-site management company takes care of vacation rentals on your behalf for the rest of the year. Owners currently pay $778 per month, which covers master insurance policies, pest control, cable, common area maintenance, and exterior upkeep. Additional dues are based on occupancy and usage and are billed monthly per unit. This delightful complex offers a perfect getaway for your St. Augustine vacations while generating rental income to offset your costs when you're away. Experience the best of both worlds!
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Phone: 917.838.7300
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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 | $103,200 | $103,200 | $103,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $158 | $158 | $158 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $687 | $686 | $885 |
Total Monthly Payment | $920 | $919 | $1,118 |
* 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.