Step into this exceptional 3-bedroom, 2-bathroom residence on Estero Island with direct ocean views. Ideal for those seeking a premier vacation home with impressive income-producing potential, this property is a great 1031 exchange opportunity with a projected gross of $225, 000/year. Reflecting a coastal contemporary design, the interiors harmonize with the natural surroundings; the kitchen features a handcrafted opaque glass wave backsplash that echoes the teal tones of the Gulf of Mexico. The porcelain tile floors throughout mirror the pristine white sands of the beach, and the master bathroom features a luxurious glass walk-in shower. Spanning nearly 2, 000 sq. ft. under air, this beachfront condo includes a kitchen with a center island, expansive floor-to-ceiling windows, a dining room overlooking both the bay and gulf, a wet bar and a screened-in lanai that provides a front-row seat to breathtaking sunsets. Step directly onto the beach or enjoy resort amenities such as the heated swimming pool & spa, gas grills and an elevated tennis court, all with incredible waterfront views. GullWing Beach Resort allows nightly rentals, offering flexibility and convenience for owners and guests, with well-maintained facilities and optional on-site management. This property offers more than just a destination, as the current owners put it, “Everyone who stays feels like they have been welcomed into our home, well, an extension of it. It’s everything a relaxed Florida vacation should be. ” Embrace this unique opportunity to own a beautifully designed vacation home that offers potential for income and an unrivaled living experience. Pro-forma and additional details are available upon request for prospective buyers.
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$2,500,000
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 | $2,000,000 | $2,000,000 | $2,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.876% | 6.850% |
Monthly Tax Payment | $133 | $133 | $133 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,972 | $12,972 | $17,560 |
Total Monthly Payment | $13,229 | $13,229 | $17,817 |
* 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.