Your island retreat is here! This bayside two bedroom, two bathroom walkout unit at the Palm Bay Club on Siesta Key offers the ideal island lifestyle with incredible investment potential. Oversized tile is the clean, low maintenance foundation to this charming, coastal inspired abode that provides respite between your sandy Siesta adventures. A generous kitchen features neutral, wood toned cabinets topped with attractive granite counters that shine under the updated recessed lighting with crown molding accents. Serve your inspired cuisine to family and guests at the convenient bar height seating or at your nearby dining area spacious enough to accommodate six. A comfortable living area is the perfect spot to kick up your feet and recharge, while admiring the attractive grounds through the glass sliding doors with access to the patio. A cozy guest room is light and bright with two full sized beds and an eye-catching ceiling fan providing charm, light and a comfortable breeze. Recharge in the ample primary suite with a 4 piece en-suite bath, spacious storage and sliders to the patio. Follow the paver path shaded by the stately palm trees to Palm Bay Club’s bayside pool, hot tub, gas grills with dining area, and fishing pier overlooking the intracoastal waterway, a playground to manatees, dolphins, and unique bird species. A true beach to bay community, your access to the impressive Palm Bay Club amenities is unlimited and includes: private Crescent Beach access, two heated swimming pools, hot tub, complimentary fitness center, lighted tennis courts with pickleball, boat docks (daily rental, 21 ft max), BBQ grills, and fishing pier. Make Siesta Key your home away from home for a week, a season or year-round! An excellent opportunity for the owner/investor, offset the cost of ownership with a smart, three-night minimum rental requirement and the outstanding onsite rental services!
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Our Executive Mortgage Banker:
Our Insurance Division:
$750,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $600,000 | $600,000 | $600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $513 | $513 | $513 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,992 | $3,988 | $5,060 |
Total Monthly Payment | $4,597 | $4,593 | $5,665 |
* 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.