# 503 The Ambassador Building at Bay Island a 55 and Over Building.
Located in the highly sought-after Ambassador Building, this spacious two-bedroom, two-bathroom condominium features 1, 230 square feet in the heart of South Pasadena, Florida. Situated on the fifth floor, it offers a sophisticated living experience with upgraded features throughout.
Step into a modernized kitchen with sleek granite countertops, soft-close wood cabinets, and stainless-steel appliances. Recent upgrades include a 2021 A/C unit and premium vinyl flooring, complemented by tiled bathrooms and an enclosed lanai. Flooded with natural light through large picture windows, the living room and dining area provide scenic views of the property and Boca Ciega Bay.
Convenience is paramount, with a laundry room conveniently located on the same floor and a dedicated covered carport parking space mere steps from the building entrance. The Ambassador Building ensures privacy and security with its gated community, private lobby, and secure elevator access.
Enjoy resort-style amenities including six pools, a fully equipped gym, clubhouse, tennis courts, marina, and charming tiki huts, promising endless recreational opportunities. Bay Island epitomizes Florida living, offering proximity to pristine beaches, downtown St. Petersburg, and the renowned John’s Pass fishing and shopping district.
With its blend of luxury, comfort, and unbeatable location, this condominium presents an exceptional opportunity.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$2,750
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 | $2,200 | $2,200 | $2,200 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $14 | $13 | $17 |
Total Monthly Payment | $89 | $88 | $92 |
* 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.