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Spectacular Ocean views from this Penthouse condo in the lovely Cinnamon Beach community with short term rental opportunity! Boasting vaulted ceilings that amplify the sense of space and natural light, this 3-bedroom, 2-bathroom retreat offers a harmonious blend of comfort and elegance. The private balcony provides sweeping views of the meticulously maintained golf course, with the serene ocean shimmering in sight—perfect for enjoying your morning coffee and ocean breezes. Inside, the open-concept layout seamlessly connects the living, dining, and kitchen areas, creating an inviting space for relaxation and entertainment. The primary suite showcases a picturesque window and private bathroom with soaking tub and separate shower. On the other end of the condo, you will find the 2 other bedrooms and additional bathroom for guests. Not only are you steps for the beach, just a short stroll and you will be enjoying the Cinnamon Beach amenities including: the show-stopping oceanfront pool, spa, lakeside family-friendly pool with a kid’s splash pad, Clubhouse with game room & lounge, fitness room, business room, seasonal grille, and more! Whether you're seeking a tranquil getaway, investment property (short term rentals allowed) or luxurious full-time residence, this condo promises an unparalleled lifestyle amidst Florida's breathtaking coastal scenery.
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Our Executive Mortgage Banker:
Our Insurance Division:
$849,000
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 | $679,200 | $679,200 | $679,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.109% | 6.764% | 6.581% |
Monthly Tax Payment | $499 | $499 | $499 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,237 | $4,349 | $5,870 |
Total Monthly Payment | $4,828 | $4,940 | $6,461 |
* 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.