This charming coastal retreat located in the gorgeous waterfront community of Boca Bay on Gasparilla Island combines serene coastal living with modern updates for comfort and peace of mind. The open, sunlit layout features a beautifully appointed kitchen with Sub-Zero and Thermador appliances, while the expanded living room offers an additional waterfront sitting area for year-round enjoyment. Outside, a spacious deck with stunning Charlotte Harbor views is perfect for gatherings or relaxed afternoons. Hardwood floors evoke classic 'Old Florida' charm, and the top-floor primary suite includes a private Ipe wood deck and separate loft with sweeping Harbor views. Elevated with impact glass and hurricane shutters, this well-maintained home sustained minimal storm impact, limited to the garage and a ground level entry, both are being restored by a premier local contractor. In Boca Bay, residents enjoy gated privacy and world-class amenities from the Gulf to Charlotte Harbor, including deep-water dockage, the exclusive members’ only Pass Club, seven Har-Tru tennis courts, fitness center, four pools, a private fishing pier, and a Gulf-front beach house for private events. Whether you’re seeking a primary home or seasonal retreat, 521 Buttonwood Bay Drive now offers an improved price for this resilient and beautifully updated coastal haven that continues to shine! Please note, photos were taken prior to recent storms. Applicable disclosures are attached.
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,395,000
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 | $5,116,000 | $5,116,000 | $5,116,000 |
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% | 6.876% | 6.725% |
Monthly Tax Payment | $1,660 | $1,660 | $1,660 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $32,758 | $33,182 | $44,566 |
Total Monthly Payment | $34,543 | $34,967 | $46,351 |
* 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.