Looking for your personal beachfront oasis that also makes great rental income?! Somerset of Marco Island unit 413 is the answer. This stunning, newly renovated 3-bedroom, 2-bathroom unit is a true gem. Enjoy breathtaking full-length views of Crescent Beach and mesmerizing sunsets every evening from your private lanai. The thoughtfully laid out interior is equipped with beautiful tile throughout, new stainless steel appliances, plantation shutters, and every fixture has been updated. The master bath is a true retreat, featuring a large walk-in shower, dual sinks, a spacious walk-in closet, and a separate storage and vanity area. Recently added full hurricane windows and doors allows you to rest easy knowing your investment is well-protected. “Turnkey” means this unit comes fully furnished and outfitted with every detail you need to host more weekly guests right away.
Somerset of Marco Island is a secure, gated development and includes unmatched resort-style amenities - two pristine pools with private beach access and BBQ areas; ample beach and bike storage; newer pickleball and tennis courts; and covered, assigned parking. The luxurious lobby welcomes you with a state-of-the-art fitness center, a social room, and a library - all overlooking the picturesque beach. Somerset perfectly captures the essence of luxury beach living while allowing for weekly rentals (one of the few buildings on Marco Beach). Don’t miss this opportunity to own a slice of paradise and invest in beachfront living.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,960,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,568,000 | $1,568,000 | $1,568,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $513 | $513 | $513 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,040 | $10,040 | $13,767 |
Total Monthly Payment | $10,678 | $10,678 | $14,405 |
* 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.