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Welcome to your dream beach getaway! Nestled within the prestigious AAA 4 Diamond rated Tradewinds Resort, this turnkey DIRECT BEACHFRONT Condo-Hotel unit beckons with promises of both relaxation and prosperity. Embrace the opportunity to generate income while indulging in the luxurious amenities offered by the Tradewinds. With ownership comes the privilege of up to 28 days annually to bask in the beauty of breathtaking views and award-winning services. Plus, enjoy up to 20% off Tradewinds amenities, ensuring every moment is filled with delight. Let the on-site management seamlessly handle all rental arrangements, with the existing agreement smoothly transitioning to the buyer. Experience a net income exceeding $24, 400. 00 in 2024, after covering expenses such as HOA fees, insurance, and electricity. In addition, this unit will transfer to the new owenr with at least $21, 682. 73 in the reserve account balance. Delight in the vast expanse of 1, 000 feet of sugar white sand Gulf beach frontage and over 30 acres of beachside resort recreation. From 7 swimming pools to 13 diverse onsite restaurants and food vendors, water slides, fitness programs, pickleball and more, every desire is catered to. Engage in tennis matches, tee off at mini golf, or soar through the skies with zip lining and parasailing adventures. With jet ski rentals, beach volleyball, and private cabanas, endless fun awaits. Relish in relaxing paddleboat rides through the resort's winding waterways. Furthermore, benefit from the steady flow of rentals driven by weddings, conventions, tradeshows, and seminars hosted by the Tradewinds. Seize this unparalleled opportunity to own a perpetually sought-after vacation rental unit, coupled with the extraordinary advantages of ownership at the Tradewinds. Don't let this chance slip away—your beachfront paradise awaits!
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:
$515,000
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 | $412,000 | $412,000 | $412,000 |
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 | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | $554 | $554 | $554 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,604 | $2,707 | $3,449 |
Total Monthly Payment | $3,250 | $3,353 | $4,095 |
* 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.