Welcome to Mandalay! Where luxury meets tranquility in this private oasis. With 700 combined feet of pristine, prime beach frontage, a TRUE rarity in the coveted landscape of Florida. This home and the connected vacant lot, which both convey in this sale, offer just under five acres of landscaped bliss and a private boat dock on the Bayou. As you step through the grand entrance, you will be greeted by an ambiance of refined elegance and coastal charm. Built to commercial code in 2009, this fortress stands steadfast in its ability to withstand anything. The custom Tischler windows and doors were manufactured, imported, and installed directly from Germany to withstand winds over 200 mph. All the details were incredibly well thought out and far exceed Florida Building Codes. Prepare to be amazed both by the features and substantial quality! The spacious layout seamlessly blends contemporary design with timeless accents, creating an atmosphere of grand, yet understated luxury at its finest. Entertain with ease in the gourmet chef’s kitchen complete with walk-in cooler, top-of-the-line appliances, spacious full bar, butler’s pantry, a dream worthy center prep island, and the Gulf serving as the backdrop for the most unforgettable gatherings. The lavish primary retreat is a serene sanctuary featuring a private balcony, a remarkable fireplace for cozy curl-ups, and a spa-like ensuite bathroom with separate vanities and latrines for the utmost privacy. As if that isn’t enough, the sparkling pool displays a stunning spillover waterfall while a private path will lead you to the perfect place for soaking up the sun (or sunset) from the white sandy beach that makes Sanibel Island known as one of the BEST beaches in the sunshine state. This is not a HOME but an opportunity to own the MOST ULTIMATE coastal living experience! You must see it for yourself…
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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 | $35,904,000 | $35,904,000 | $35,904,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $6,258 | $6,258 | $6,258 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $229,897 | $232,873 | $315,235 |
Total Monthly Payment | $236,280 | $239,256 | $321,618 |
* 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.