Welcome to Island Lakes at Coco Bay, A Master-Planned Gated Community in Englewood Blending Coastal Living with Modern Comfort. This 2024 built 3 bedroom, 3 bath home is set on a larger lot overlooking a peaceful lake, offering breathtaking sunset views. A paver driveway, stone exterior accents and tropical landscaping create a welcoming atmosphere. This stunning open layout design features diagonally set tile throughout, impact windows and is being sold fully furnished. The kitchen is open to the living and dining areas and has beautiful quartz countertops, an abundance of white shaker-style cabinets, a center island with a breakfast bar, and a spacious walk-in pantry. Triple sliders in the living room lead to the paver screen lanai, where you can enjoy stunning water views. Imagine relaxing with your favorite drink while watching the wildlife that frequents the lake. The ensuite master bedroom features an oversized walk-in closet, a large shower with a half glass wall, and a dual quartz-topped vanity with dual sinks. Two additional guest bedrooms each have access to their own bathrooms, featuring quartz-topped vanities, shower-tub combos, and matching shower tile, ensuring comfort for both guests and family. The interior laundry room provides additional storage space. This vibrant community offers the perfect blend of relaxation and activity for the perfect Florida lifestyle. While the clubhouse, resort style pool, bocce and pickleball courts are still under construction with an expected completion around early 2025, they will soon provide a great setting for making new friends and enjoying friendly competition. Additionally, there will be a fitness center, tot lot and playgrounds to help you stay active. Get ready to experience these amazing amenities in this new development. The quarterly HOA fees cover lawn maintenance, lake fed irrigation, cable, and internet. Located less than 6 miles from the beach, you'll also enjoy easy access to shopping, dining, and entertainment in both Englewood and Boca Grande. Contact us today to schedule your private showing at this move in ready home.
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Our Executive Mortgage Banker:
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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 | $319,600 | $319,600 | $319,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $28 | $28 | $28 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,942 | $1,942 | $2,526 |
Total Monthly Payment | $2,045 | $2,045 | $2,629 |
* 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.