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WEEKLY RENTALS PERMITTED! This is the opportunity of a lifetime! Secure your beach front escape at Castle Beach, with just 24 units and PRIVATE BEACH! The unit is ready for rebuild and customization, SELLER WILL CONTRIBUTE $10, 000 CREDIT FOR BUYER CLOSING COSTS OR BUILD BACK! with similar units available for around $40-50K to complete the build-back, you have the chance to create the beachfront condo of your dreams—while investing in a rapidly appreciating area. ALL assessments PAID and structural restoration complete, everything is set for you to move forward. Whether you want a luxury personal retreat or an income-generating powerhouse, this 2-bedroom, 2-bath condo on the 3rd floor offers sweeping Gulf views and direct access to the pristine sugar-sand beaches of Fort Myers Beach—right at your doorstep. Step outside and experience the unrivaled sunsets and beach life you’ve always wanted. Invest in the future—this unit was generating an impressive $30K-$40K annually pre-hurricane, with PET-FRIENDLY policy for owners. The demand for beachfront properties on Fort Myers Beach is returning and with limited availability like this, now is the time to act. Located on the coveted south end of the island, you’re just minutes away from Santini Plaza, the Farmers Market, Lovers Key, and Flipper’s on the Bay. You can easily bike or take the Beach Trolley to Times Square and the exciting new Margaritaville Resort. Invest NOW in the future of Fort Myers Beach at a price that will never be available again. Secure your slice of paradise today—before this extraordinary opportunity is gone!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$449,000
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 | $359,200 | $359,200 | $359,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.083% | 7.063% | 6.152% |
Monthly Tax Payment | $227 | $227 | $227 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,270 | $2,360 | $3,007 |
Total Monthly Payment | $2,572 | $2,662 | $3,309 |
* 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.