White sand, sparkling water, and glorious sunsets are your views from your very own balcony here on South Beach, Marco Island. Use this lovely home as a much needed retreat and rent out weekly to cover the costs, or make it a pure investment cash-cow. Sea Winds offers a gated living experience with pool and hot tub, tennis/pickleball courts, community room and private beach access. Super cute, fully tiled two bedroom, two full bath condo is located on the built-up first floor - 7 feet off the ground - so you will have a no-stairs-option with a ramp, and don't have to rely on the elevators. This means anyone can enjoy this unit and it widens the rental pool in this rare 7 days/52 times a year building - you can easily generate $100, 000+ yearly in rent (see attached). Sunset Grille is right next door and many other restaurants, shops, movie theatre, arts center, mini-golf etc. are just around the corner. If you prefer to cook, complete kitchen includes dishwasher, electric range with oven, microwave and refrigerator/freezer. Washer/dryer are also in the unit. Unit comes Turnkey including beach chairs and towels, so just bring your toothbrush. - Owner may have a pet with approval, renter may not. Roof was new 2023, impact windows 2022, and impact sliders 2024. All assessments are paid in full and no further ones are anticipated. All interior units are the same size.
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Our Executive Mortgage Banker:
Our Insurance Division:
$928,800
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 | $743,040 | $743,040 | $743,040 |
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 | $519 | $519 | $519 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,758 | $4,819 | $6,473 |
Total Monthly Payment | $5,369 | $5,430 | $7,084 |
* 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.