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Experience Kiawah Island Fractional ownership at its finest. This stunning 4-bedroom, 4-full-bathroom condo located just a short 4-minute walk to the Sandcastle amenities and pristine Island beaches. This Interest Ownership allows 6 weeks of use each year, making it a perfect investment for those seeking a vacation retreat. The villa was fully renovated by Watts Builders in 2021. Direct access to the beach and Sandcastle amenities, including; pools, fitness center, and dining. Beautifully landscaped grounds. Ideal for families and friends. Property management provided for easy ownership experience. Each owner will be able to have the option of weekly rentals within their ownership weeks and the Cotenancy Agreement. Each owner will have ability to join the Sandcastle Beach Club and Governors Club for an additional fee. The 8 interest being offered will contain 6 weeks of usage per year. See calendar for weeks associated with each share. This is a 1/9 Ownership where 8 of the 9 owners will have 6 weeks of use each year based on calendar. 1 of the 9 owners will have 4 weeks. Expenses will be divided between each owner based on % owned. NOTE: This Listing is a fee simple interest subject to a Cotenancy Agreement. Sunday to Sunday Check in.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $207,920 | $207,920 | $207,920 |
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% | 6.112% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,297 | $1,366 | $1,741 |
Total Monthly Payment | $1,372 | $1,441 | $1,816 |
* 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.