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Welcome to Spanish Wells and the charming community of Marbella. This 3 bedroom first floor Key Biscayne condo is located at the end of a cul de sac with local traffic only. The condo is light and bright and it comes with plantation shutters, tile in the great room and a 2 car garage. Most furnishings are included with some personal exclusions. Just move in. The lanai has a beautiful landscaped view and a view of the 7th green on the north nine. Cable and Internet are included in your HOA fees. The central air conditioning was replaced in 2021. The only bill you need to receive is the electric bill, water, etc is included. Marbella also has two pools for it's piece of paradise within Spanish Wells. All this and only 3 miles to Barefoot Beach, just a few miles to many different major health care facilities, close to Mercato and Coconut Point and an abundance of restaurants yet just a 20 minute trip to RSW. Membership to Spanish Wells Country Club is optional. Some features/amenities listed come with one of the many different levels of membership to Spanish Wells Golf and Country Club. Between all these options and this ideal location, what more do you want??? Oh LARGE DOGS ALLOWED. The HOA just needs to approve them. There is also pay as you play golf for non members.
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Our Executive Mortgage Banker:
Our Insurance Division:
$455,000
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 | $364,000 | $364,000 | $364,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.990% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.095% | 7.141% | 6.152% |
Monthly Tax Payment | $392 | $392 | $392 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,301 | $2,419 | $3,047 |
Total Monthly Payment | $2,768 | $2,886 | $3,514 |
* 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.