Captivating sunrises on the Bay and the sun actually setting on the Gulf of Mexico awaits from this 3BR/3BA, 8th-floor Grand Bay residence. Immerse yourself in luxury as you traverse across the new 2’ x 4’ light porcelain tile floors that grace the main living areas of this popular Cayman floor plan. Discover versatility with a den that doubles as an occasional guest room, providing privacy with its doors that separate it from the formal dining room. A thoughtful conversion has turned the half-bath into a built-in office area adding functionality. The updated kitchen is a masterpiece, featuring low-profile cabinetry, stainless steel appliances, under-cabinet lighting, solid surface countertops, a breakfast bar and an adjacent eat-in area with walls of glass framing breathtaking views and an 11’ x 23’ sunset terrace. As you explore, discover the elegance of new custom-designed interior doors that add a touch of sophistication to every room. The spacious master suite is a haven of tranquility, with walls of glass offering beautiful bay & city views and providing access to the private, protected terrace. Indulge in the spa-like atmosphere of the master suite bathroom, complete with a spa tub, glass-enclosed shower and dual vanities. The 2nd bedroom offers floor-to-ceiling glass windows/sliders with stunning sunset views, complemented by beautiful white oak floors and an en-suite bath. Step outside onto the expansive open and covered terraces, a wonderful setting for quiet relaxation or entertaining guests with cocktails toasting the sunset. With special assessments paid in full, this residence is more than an elegant home, it's an immediate invitation to savor the pinnacle of luxury living. Residents of Grand Bay are invited to enjoy an exciting host of amenities, including 24/7 guard gates, a clubhouse, two community pools and spas, a large fitness center with saunas, Har-Tru tennis courts and all the conveniences of Bay Isles, with miles of walking paths and membership to the private Bay Isles Beach Club.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,295,000
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 | $1,836,000 | $1,836,000 | $1,836,000 |
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 | $1,480 | $1,480 | $1,480 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,215 | $11,908 | $16,120 |
Total Monthly Payment | $13,820 | $13,513 | $17,725 |
* 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.