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Enjoy stunning sunsets over Lemon Bay from this fully remodeled 1-bedroom, 1-bath villa at Tiki on the Bay. Back on the market and move-in ready, this unit offers a low-maintenance lifestyle with flexible options for seasonal use, full-time living, or nightly rentals. Inside, you'll find new drywall, fresh paint, and easy-care laminate flooring throughout. The kitchen features quartz countertops, white cabinetry, a glass tile backsplash, a newer refrigerator, and an extended counter for added workspace. Just off the kitchen is a cozy breakfast nook, perfect for casual dining. The bathroom has been updated with a wood vanity, quartz top, and a tiled shower-tub combo. A screened, covered lanai offers a great spot to enjoy your morning coffee and includes a private laundry room, ideal for beach gear or extra storage. Built of concrete block with a newer roof, the villa offers peace of mind in a relaxed, well-maintained setting. Tiki on the Bay is a laid-back community with a heated pool, and the waterfront location is the perfect place to unwind and enjoy the bay breezes. Low HOA fees include water, cable, flood insurance, and exterior maintenance, keeping ownership simple and affordable. Ideally located near Historic Dearborn Street’s shops and restaurants, Englewood Beach with its popular tiki bars and live music, public boat ramps and kayak launches, golf courses, pickleball and tennis courts, and several parks, this villa gives you easy access to everything Englewood and Manasota Key have to offer. Whether you're looking for a personal getaway or an investment opportunity, this is the one for you! Contact us today to schedule your showing.
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William Raveis Real Estate
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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 | $199,600 | $199,600 | $199,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.990% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.172% | 7.154% | 6.172% |
Monthly Tax Payment | $239 | $239 | $239 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,278 | $1,327 | $1,671 |
Total Monthly Payment | $1,592 | $1,641 | $1,985 |
* 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.