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Create unforgettable memories in this stunning Gulf-front beach oasis at Inn on the Beach, where the sparkling waters of the Gulf of America await. This resort offers the best of both worlds—a true condominium managed like a hotel, providing exceptional rental opportunities. Don't miss out on the rare chance to own a coveted CORNER A+ "Junior Suite, " 50 sq. ft. larger than a standard suite. Experience and enjoy the luxury of a spacious living area, complete with a modern kitchen and bath, alongside a luxurious primary suite featuring an en-suite bathroom for added convenience. The suite also includes a sleeper sofa, ensuring comfort and privacy for guests. Located in Building Four, this beautifully renovated suite boasts hypnotizing views of the Gulf, where you can enjoy breathtaking sunsets from your private balcony, creating a tranquil coastal retreat. Currently enrolled in the hotel program, this suite has generated an impressive average income of $140, 000 over the last three years. With a dedicated property manager handling everything, you simply enjoy monthly income! Embrace the coastal lifestyle with endless activities—play in the waves, dine at the on-site restaurant, unwind in the spa, or enjoy a round of golf or tennis. There's something for everyone in the family! Just minutes away, St. Armand's Circle offers fabulous dining, upscale shopping, and vibrant entertainment, including the Van Wezel Performing Arts Hall, Ringling Museum of Art, Sarasota Opera, farmers markets, and more! This is truly a gem on the Gulf Coast—don't let this exceptional opportunity slip away. Schedule your private tour today and start living the dream!
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,198,000
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 | $958,400 | $958,400 | $958,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.898% | 6.739% | 6.560% |
Monthly Tax Payment | $836 | $836 | $836 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,901 | $6,137 | $8,283 |
Total Monthly Payment | $6,862 | $7,098 | $9,244 |
* 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.