A BONITA BEACH GEM. . . DIRECTLY ACROSS THE STREET FROM THE BEACH. . . SITUATED IN THE "BEACH AND TENNIS CLUB COMMUNITY". . . ON 15 ACRES OF PRIME WATERFRONT PROPERTY. . . UPDATED AND READY FOR OCCUPANCY OR RENTALS!!!
If you are looking for the ultimate escape from cold winter conditions, a very desirable investment property, or to enjoy Florida year around this beach front condo presents many exciting opportunities. It offers location, value, convenience, and comfort.
This unit boasts a fantastic location directly across the street form BONITA BEACH and Docs Beach House. It’s location in Building Two is on the third floor and provides lovely views of the back bay from the balcony and the gulf from the front entrance. Enjoy the peace and tranquility afforded you by the back bay units. This corner condo is light and bright and offers an updated kitchen and bathroom. It is offered furnished and is comfortably decorated in a beach motif style. Fortunately, this unit was not damaged during the recent hurricane.
Building Two has had been inspected and all its balcony and infrastructure repair work has been completed. All owner assessments have been paid to date. The pool adjacent to the building is scheduled to be fully renovated and repaired by June 2024. Rentals are currently being accepted in this building.
The Bonita Beach and Tennis club offers convenient accessibility to dining and entertainment with several restaurants and bars located within walking distance. Water sport activities and equipment rentals are located directly across the street on Bonita Beach and the beautiful Barefoot Beach nature is also within walking distance.
The Bonita Beach and Tennis club is actively in the process of recovering from damage that resulted from hurricane Ian. The complex contains five buildings. Work on Building Two has effectively been completed. Re. All common area restoration and improvement projects, including tennis/ pickleball courts, swimming pools, and building atriums are underway. The new and improved facilities will provide a very desirable outcomes for both long and short term residents.
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Our Executive Mortgage Banker:
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $299,920 | $299,920 | $299,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $44 | $44 | $44 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,871 | $1,822 | $2,370 |
Total Monthly Payment | $1,990 | $1,941 | $2,489 |
* 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.