This beachfront condo in the coveted South Seas complex on Marco Island offers an unparalleled combination of luxury, convenience and breathtaking views. Completely remodeled from top to bottom, this residence boasts a modern aesthetic and high-end finishes throughout. Situated on Marco Island's renowned crescent beach, residents are treated to expansive views of the Gulf of Mexico and have access to the resort-style pool, creating the ultimate seaside retreat. The condo features a host of impressive upgrades including; Bamboo Plank flooring designer bathrooms and kitchen with state of the art stainless appliances. Custom lighting fixtures and custom shelving in every closet add a touch of elegance and functionality to the living space. Furnished with all high -quality pieces, the interior design of the condo is carefully curated to complement both the unit and the resort area. Additionally, all windows and sliding doors have been updated to "new code" storm-resistant glass, providing added security and peace of mind. South Seas NW stands out as on of the few complexes on Marco that allow weekly vacation rentals, making it an attractive option for condo ownership. Owners have the opportunity to generate substantial rental income while enjoying the benefits of home ownership on Marco Island. Designed with upscale vacation guests in mind, this unit comes fully equipped with amenities such as Keurig and conventional coffee makers, televisions in every room and premium linens. The large balcony, furnished with multiple seating options and a beverage cart, offers the perfect setting to unwind and soak in the stunning views. The South Seas complex boasts a range of amenities, including a manned entry gate, a fitness room, and a parking garage with on-site management. Residents can also take advantage of the South Seas Club's tennis and pickle-ball courts, bay-front marina, restrooms, and a spacious outdoor lounge area. With its unbeatable location, luxurious features and comprehensive amenities, this beachfront condo offers a complete package for those seeking the ultimate island lifestyle. Don't miss out on this exceptional opportunity-schedule a viewing today and experience the beauty and value of this remarkable "Ritz Carlton Class" property.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $599,200 | $599,200 | $599,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $520 | $520 | $520 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,641 | $3,641 | $4,735 |
Total Monthly Payment | $4,253 | $4,253 | $5,347 |
* 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.