Under contract-accepting backup offers. MULTI MILLION DOLLAR VIEWS from this bright updated and spacious 1/1 condo at The Inlet in Minorca. Short- and long-term rentals allowed at The Inlet. Ready to move right in with private balcony overlooking the Atlantic Ocean, Smyrna Dunes Park 220-acre park, the Intracoastal Inlet Waterway, Ponce Inlet Lighthouse, and north up the coast to beyond Daytona Beach. From the front of your unit enjoy views to the south both down New Smyrna Beach and the Intracoastal Waterway. Enjoy watching the space launches and fireworks also from the front of your unit. This unit has had many nice updates including luxury vinyl plank flooring, solid surface countertops, electric has been added at the assigned parking space to accommodate and electric vehicle a very rare feature at The Inlet, new microwave 2024, new front door and storm door, new HVAC condenser 2023. The Inlet amenities include, assigned garage parking, assigned storage off garage, bicycle rack, pool, heated spa, pool/spa restrooms, outdoor kitchen with two Blaze gas grills, game room with ping pong table, 6 elevators, fulltime onsite community association manager, kayak, paddleboard and surfboard rack storage to rent. Golf Cart LSV parking both in and outside the garage to rent. there is currently a 4-seater space in the garage and 6-seater outdoor spaces to rent. Minorca amenities include 24/7/365 manned front gate access, multimillion dollar clubhouse with billiards table, catering kitchen, media and game area, plus ample meeting and entertaining spaces. Fully equipped fitness center, restrooms each with dry saunas, heated pool and spa, four hard court lighted tennis courts, lending library, beach pavilion with restrooms, gated beach access, gated river access with fishing pier also great for crabbing and much more. The property adjoins the Smyrna Dunes Park a 220-acre county park with miles of wonder Trex walking paths, and a great dog beach on the river. Come and see for yourself the best of 5-star resort living that New Smyrna Beach has views second to none. WHILE ALL INFORMATION IS INTENDED TO BE ACCURATE, IT IS NOT GUARANTEED AND SHOULD BE INDEPENDENTLY VERIFIED.
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William Raveis Mortgage, LLC
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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 | $400,000 | $400,000 | $400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $281 | $281 | $281 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,661 | $2,659 | $3,373 |
Total Monthly Payment | $3,034 | $3,032 | $3,746 |
* 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.