This without a doubt is the MOST SPECTACULAR 2-bedroom 2-bathroom villa with unobstructed coastline views on beautiful Palm Island! Within a few steps of exiting your beachfront lanai you're on the beach basking in the sun, collecting seashells and shark teeth, and watching the dolphins and manatees play. The beach is so quiet and quaint it will feel as if you are the only one living on Palm Island. Entertain your friends and family from your back porch and watch the amazing colorful sunsets that can only be seen from your covered screened in lanai. The mile long beach views are endless from your master bedroom, couch, breakfast nook, and covered lanai. This 1232 square foot home comes completely furnished and has had recent major improvements including: new AC unit installed (2021), new quartz countertops and stainless steel sink in kitchen (July 2022), new granite bathroom countertops and sinks (July 2022), freshly painted cabinets in both bathrooms (July 2022), new paint throughout the entire villa (July 2022), NEW flat screen televisions in ALL rooms including family room (60” inch) and both bedrooms (2022) , new fans installed throughout entire unit (July 2022), new sea turtle approved roller shade in family room (September 2022), new hot water heater (2022) and a NEW ROOF was completed in April 2023. The villa has been recently redecorated (July 2022) and can also be used as a rental within Palm Island Resort if so desired. This home has bamboo floors in the main living areas with tile in the kitchen and bathrooms. There is a comfortable king-sized bed in the master bedroom with private en-suite and dual closets. The second bedroom includes two twin-sized beds with closet. Two additional closets within the unit provide ample space for any extra pool/beach accessories. The kitchen has slow-closed cabinets and is fully stocked for all your cooking needs. The laundry room with a stacking washer/dryer, mini fridge, storage cabinet, and sink makes doing laundry FUN! Below the villa is a new outdoor shower, two-foot showers, and deck box to hold beach chairs and beach canopies. This golf cart only friendly island includes a community pool, restaurant at Palm Island Resort (Rum Bay), tennis courts, spa/workout center, boat docks, 24-hour security, and many other amenities to be enjoyed! A short ferry ride is all it takes to get to this incredible private oasis. No matter where you are on Palm Island you will never regret owning this little piece of paradise.
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$749,000
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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** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $914 | $914 | $914 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,738 | $3,641 | $4,735 |
Total Monthly Payment | $4,744 | $4,647 | $5,741 |
* 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.