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Exquisitely renovated waterfront condo situated in the prime location of Westbay Point and Moorings. This spacious condominium with
an expansive bay view was totally renovated in 2018. Upgrades include new wood-like tile floors, two new bathrooms, a modern kitchen with high end appliances and variegated quartz countertops. In 2022 the lanai was enclosed with hurricane impact windows and French doors leading to the master suite. Enjoy an infinity-like water view from the living area, kitchen, the lanai and even the master bedroom. Imagine yourself in this tranquil location watching the sunrise each morning sipping on a cup of coffee or viewing dramatic sunsets from the front screened in porch enjoying a glass of wine. Boats, manatees, dolphins and bird life will provide you with endless entertainment. If you can tear yourself away from the view you can play on The Association’s tennis/pickle ball courts or relax by the heated, immaculately maintained and spacious pool; a second spa pool and hot tub are also available. Westbay Point & Moorings is located on a private peninsula in quiet park-like
tropical grounds - the most open green-space on Anna Maria Island. There was no damage to the unit or water intrusion from hurricanes. Condo is on schedule to have a new roof and air conditioning system in place by June, 2025. Built 1978, the buildings are 13 ft above sea level. The reasonable association fees include Spectrum cable tv and high-speed Internet, water, and sewer. The Association is fully reserved and very well-run. Condo is easily rentable by the month.
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Our Executive Mortgage Banker:
Our Insurance Division:
$799,000
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 | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | $752 | $752 | $752 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,988 | $4,199 | $5,351 |
Total Monthly Payment | $4,832 | $5,043 | $6,195 |
* 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.