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Enjoy the everchanging tidal marsh views, the amazing Seabrook wildlife and breathtaking sunsets from this first-floor condo in Bay Pointe- one of Seabrook Island's best kept secrets. Condo has been updated throughout! One-bedroom, one bath with a wonderful screened porch, quartz and stainless kitchen with updated cabinetry and a living/dining room with shiplap walls and oak flooring. Bathroom has been updated with a custom walk-in shower, tile floor and new vanity. Hurricane rated sliders and windows. Exterior storage closet. Perfect for a vacation home or full-time residence. Bay Pointe, a private gated community offers a crabbing dock with floater that extends 400 feet into Horseshoe Creek with direct access to Bohicket Creek, a community salt water pool with picnic area andkayak storage. The Lake House wellness/community center at Palmetto Lake, Equestrian Center and Racquet Club are only a short walk away or hop on the bike path and head to Bohicket Marina and Freshfields Village. Insurance and pest control are included in the regime fee ($788 monthly) and new owners pay a capital contribution of $1, 576 to the regime at closing. There is a special assessment of $1, 750 per unit, payable in two installments. $875 due on 3/01/2025 and $875 due on 6/01/2025. Special assessment information under documents. Seabrook Island residents enjoy an unparalleled lifestyle in a tranquil, private, oceanfront community that blends natural beauty with world-class amenities and top-tier security. Here, you'll experience a life filled with abundant social, recreational, and sporting opportunities. Among the many highlights are two renowned championship golf courses: Ocean Winds, designed by Willard Byrd, and Crooked Oaks, created by Robert Trent Jones, Sr. The island also boasts a state-of-the-art tennis center, pickleball courts, a full-service equestrian center, a comprehensive fitness and aquatics complex, and miles of pristine, unspoiled beaches. For dining, residents can indulge in a variety of seasonal indoor and outdoor restaurants, perfect for everything from casual lunches to elegant private events of any size. Conveniently located on Seabrook Island are both Freshfields Village and Bohicket Marina. Nestled between Seabrook and Kiawah Islands, Freshfields Village is a charming hub for upscale shopping, casual and fine dining, and family-friendly outdoor events. Bohicket Marina, a full-service facility, offers 200 wet slips, 114 dry storage slips, a delightful market, and an array of delightful restaurants and boutique shops. Whether you're looking to unwind or stay active, Seabrook Island offers the perfect blend of serenity, luxury, and adventure. Contribution to capital within P. U. D. upon the initial sale and resale is 1/2 of 1% of the sale price. Buyer responsible for a $250 transfer fee at closing. Purchase also requires membership to the Seabrook Island Club.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $279,920 | $279,920 | $279,920 |
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 | 7.007% | 7.037% | 6.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,746 | $1,839 | $2,343 |
Total Monthly Payment | $1,821 | $1,914 | $2,418 |
* 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.