BEACHFRONT! investors will love that this condo is tenant occupied through season! Newly renovated and updated sixth floor beachfront condo perfect for the investor or second home buyer at the popular South Seas Northwest Tower II. Situated adjacent to the natural preserve and estuary, this light and bright residence affords the most discerning new owner the opportunity to enjoy one of the world’s ultimate locations on the Gulf and the most rewarding lifestyle. Resort living on Marco Island is deftly blended with great dining, entertainment and shopping nearby. This is truly an opportunity to enjoy and experience the South Seas and Marco Island amenities and create a dream lifestyle! Imagine relaxing in the balmy tropical breeze as gentle waves lap along the glistening shoreline or taking a soothing dip in the pool. This residence offers a view of the turquoise waters and stunning sunsets over the Gulf. There’s a list of improvements along with the turnkey furnishings included in this offering. The South Seas Club is a gated community which offers residents tennis, boating facilities, exercise room, Bocce, Pickleball, barbecue grilling & covered parking.
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Our Executive Mortgage Banker:
Our Insurance Division:
$875,000
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 | $700,000 | $700,000 | $700,000 |
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 | $458 | $458 | $458 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,657 | $4,540 | $6,146 |
Total Monthly Payment | $5,207 | $5,090 | $6,696 |
* 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.