Bring your surf board and ride the waves at this little slice of paradise. Located on the No Drive beach, this second floor, turn key ready condo is located in a rare, two story only, oceanfront complex located just minutes from shopping, fine restaurants, and historic Flagler Ave. White sands beckon as you listen to the sounds of the waves breaking on the beach from your balcony overlooking the heated pool. The kitchen has new counter tops and new refrigerator, and breakfast bar. Bedroom boasts a huge walk in closet and king size bed. Owner's closet is now an office space with a desk, but is large enough to install bunk or twin beds for extra guests. Unit has a full size stacked washer dryer in outside patio closet on balcony. Entertain on the two oceanfront lounging areas, or large bbq grill area located in the well manicured courtyard. Covered parking with unit numbered spaces is another amenity to keep your vehicle cooler in the warm summer months. Complex sits on 10 acres with 500 feet of beachfront and two access points. There is a community laundry room and shuffleboard court. Each unit has a balcony closet plus a surf closet that is on the ground floor for those extra beach toys and chairs. Colony Beach Club, being only two stories is NOT subject to the new Structural Integrity Reserve Study that condos over 3 stories require now, which potentially could result in large assessments. This unit has had an excellent winter rental history and has been well maintained. This complex has an onsite, 5 days a week management team to answer any questions or concerns. Colony Beach Club isn't just one of the run of the mill complexes, its a condo with generational history of ownership spanning the years since inception. Come and start your own legacy and see why its one of New Smyrna Beach's best beachfront property.
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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 | $292,000 | $292,000 | $292,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $329 | $329 | $329 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,943 | $1,941 | $2,504 |
Total Monthly Payment | $2,347 | $2,345 | $2,908 |
* 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.