Don’t miss your opportunity for rare beach elegance! Custom-built in 2017, this is a beautiful home for those who seek beach life with style. Home features 3 bedrooms, 2 baths, located within Palm Island Resort, the gated, golf cart community on Palm Island, Placida, Florida. Boasting impressive craftmanship and attention to detail, the home includes custom cabinetry, crown moldings, soaring ceilings, and great natural light. Complete with hurricane rated doors and windows, and in pristine condition this beach home is well maintained and is move in ready. A Key West walkway around the house leads from front to rear where you can relax on the oversized (12 x 55 ft. ) fully screened lanai overlooking a large backyard with an impressive water view of Knights Bay. The open floor plan has an overall tropical feel throughout the grand living room, dining room and bar area and features exotic tiger wood flooring. The gourmet kitchen offers a 48" subzero refrigerator, Conestoga all wood cabinetry, granite countertops, induction oven, drawer microwave and custom bar with storage. The bedrooms all have custom crown molding, oversized closets, and plantation shutters. The primary suite has a massive walk-in closet with enclosures and shelves, and French doors leading to the lanai. A luxury bath and additional closets complete the owners suite. There is a separate laundry room with sink and cabinetry, and for easy access, there is an indoor, enclosed elevator! Under the home is a garage for your golf cart and storage, plus a rinse/outdoor shower. The home is walking distance to the tennis and pickle ball courts, swimming pool, club house, and exercise room and comes with deeded access to the resort's private 2 miles of white sandy beaches, just across the road. Play pickle ball or tennis, take water aerobics, Pilates, or try beach yoga, go kayaking, fishing, boating, ride bikes, go shelling, hit Rum Bay for lunch or dinner (the resort restaurant, ) and Coconuts for ice cream (resort store), have a massage, check out Red Beard (resort pirate show), join the nature walk, or go to book club. Bring your friends, family, kids, grandchildren and introduce them to your new fellow islanders. There is something for everyone. The only rules are to relax and have fun. Come live the resort style lifestyle on Palm Island, a beach lovers paradise. Significant size assumable mortgage at extremely attractive fixed rate ”available to qualified buyer … plus insurable property. ”
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$1,685,000
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 | $1,348,000 | $1,348,000 | $1,348,000 |
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 | $1,090 | $1,090 | $1,090 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,968 | $8,743 | $11,835 |
Total Monthly Payment | $10,183 | $9,958 | $13,050 |
* 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.