One or more photo(s) has been virtually staged. DRASTIC $40, 000 PRICE REDUCTION!! CORNER POINT LOT , WATERFRONT GEM LOCATED IN A FLOOD ZONE X, MEANING NO FLOOD INSURANCE REQUIRED!! HURRICANE TESTED WITH NO DAMAGE! WENT THROUGH IAN, HELENE AND MILTON WITH ZERO DAMAGE. THIS IS A FORTRESS!
Welcome to Florida living at its absolute finest! It is a pleasure to present this pristine haven nestled away behind the secure gates of the wonderful Palm Island community! This meticously maintained, contractor owned, 3 bedroom, 2 bath home is loaded to the gills with updates and amenties while providing a natural paradise. With 2022 sq ft under air, this house offers an open floor plan and plenty of room to roam. All new interior and exterior paint was done in 2021 and the appliances were updated with top of the line models the same year. The interior is tasteful and offers a wonderful base slate to make your dream home. All though the interior is immaculate, the outside only gets better! Sitting atop the largest lot ( 1/2 acre) in all of the community with the most canal frontage on 2 sides, you are sure to be the envy of your neighbor! Just a short 15 minute boat ride from your back yard will give you access to the famous Caloosahatchee River and a 30 minute ride will put you directly in the gulf! Water acess is made easy thanks to the state of the art oversized boat dock that was added in 2021. This tiered dock is complete with a 10, 000 pound boat lift, a generous seating area and an outdoor fireplace! Making this the boaters dream and perfect for entertaining guests! The corner point location and excessive water frontage also adds the potential for an additional boat lift if desired. Despite this direct water frontage and access, this property is located in a flood zone X meaning NO FLOOD INSURANCE REQUIRED, saving thousands annually for the lucky buyer. With Hurricane season looming, the owners also note that this property stood tall during Ian and withstood ZERO wind or water damage. A true testament to the wonderful quality of this build. Additionally, this property has been upkept to a gold standard. In the last 3 years, the owners have added new AC, a new 50 gallon water heater, 30 year roof shingles with underlayment and a 250 gallon underground LP tank so the buyer can be sure this house is turnkey ready! Furthermore and not to be forgotten, this house sits in the renowned Palm Island community. Palm Island's HOA offers an abundance of appeal in itself as your HOA fee covers, lawn maintenance, irrigation, access to a top tier clubhouse complete with a gym and pickleball/ tennis courts and a pool/jacuzzi! Inside the gated and patrolled neighborhood, there is additional boat ramps and docks as well! With so much to bring to the table, you may never want to leave the community! This house is an absolute gem and truly embodies the meaning of Florida living. Located minutes from historical downtown Fort Myers and a plethora of dining, shopping and adventure as well as all the offerings of a waterfront property and an abundant community, this is the perfect property to settle down in and call your forever home! Homes like this do NOT come to market at this price often so act fast and make it your own today!!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $503,200 | $503,200 | $503,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | $379 | $379 | $379 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,306 | $3,344 | $4,244 |
Total Monthly Payment | $3,777 | $3,815 | $4,715 |
* 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.