Panoramic views of Marco Island’s entire crescent shaped beach abound from this luxurious 2 bedroom, 2 and a half bath Madeira residence with two beachfront terraces. Entering the home from your private elevator foyer, your eyes will immediately be drawn to the stunning views. The living space offers an open floor plan, ideal for entertaining large or small groups. The kitchen is well equipped with granite counters, stainless steel appliances, and a gas cooktop – perfect for the serious chef. The generous master suite offers private access to the terrace, two walk-in closets, and spa like en-suite bath with dual vanities, jetted tub, and walk-in shower. The guest suite is equally as impressive with a walk-in closet, en-suite bath, and access to the second beachfront terrace. The terraces provide the perfect place to dine alfresco or sit back and enjoy the unparalleled views of the entire beach and sparkling waters of the Gulf of Mexico. Madeira is Marco Island's newest luxury beachfront high-rise and has world class amenities including fitness center, tennis courts, resort style pool, theater, guest suites and guarded gate entrance. It is located next to the JW Marriott. Enjoy luxury beachfront living at its finest.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,299,000
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 | $2,639,200 | $2,639,200 | $2,639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.851% | 6.704% |
Monthly Tax Payment | $1,820 | $1,820 | $1,820 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,899 | $17,118 | $22,990 |
Total Monthly Payment | $18,844 | $19,063 | $24,935 |
* 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.