![]() |
RARE GROUND FLOOR CONDO! HIGH CEILINGS! GREAT LOCATION! Welcome to The Grove, a secluded condo-hotel set on the shores of Lake Austin, just west of the Walt Disney World® Resort. Turning into the community from Avalon Road, you will be pleasantly surprised driving to the community, with its palm tree lined streets and the water park, with the condo buildings towering overhead. This is a community that needs to be seen to be appreciated, especially with how much there is to do at the resort! Some of the attractions include the Surfari Water Park with FlowRider; pier on Lake Austin; Escape Spa; Flip Flop's Family Fun Center, and the Kids' Activity Center! This is a Good Neighbor Hotel® and offers daily shuttle bus service to Walt Disney World®, SeaWorld, and Universal Orlando! Let's discuss more about this 3-bedroom Jasmine unit! When you step through the door, you enter directly into the living space. The bedrooms are split, with the master suite in one wing, and the other bedrooms in the other wing. These wings are divided by the living space. The unit features in-unit laundry, with full-size washer and dryer. The kitchen is well-equipped with all major appliances, so you can certainly cook here if desired. The living space is spacious, and also includes a dining area. Through the living space, you can enter the balcony which overlooks a common area. The master suite includes an ensuite bathroom that has a garden tub, separate tile shower, and dual vanities. The other two bedrooms share a bathroom across the hall that is also accessible via the living space. This condo is turn-key and all bookings transfer when the unit is purchased. This is truly a hands-off investment, with on-site management handling everything for you, and the hotel contract will transfer with the sale of the property. You can be making $ on the day of closing! Financial statements are available! Please note that this is a condo-hotel, so you could not live here full time due to zoning restrictions.
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:
$340,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $272,000 | $272,000 | $272,000 |
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 | 7.841% | 7.159% | 6.518% |
Monthly Tax Payment | $541 | $541 | $541 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,810 | $1,808 | $2,332 |
Total Monthly Payment | $2,426 | $2,424 | $2,948 |
* 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.