![]() |
Paradise Bay, a sought-after 55+ community, boasts a prime location just two miles from Anna Maria Island's pristine beaches. This vibrant community fosters an active lifestyle, featuring pickleball courts, a community pool, and opportunities for leisurely strolls or golf cart tours. A unique feature of Paradise Bay is its stunning panoramic views of Sarasota Bay, extending to the southern tip of Anna Maria Island and the Longboat Key bridge. Residents enjoy unobstructed sunrises and sunsets, with frequent sightings of dolphins, diverse birdlife and even manatees! Use your imagination and some TLC to make this home your own. Or perhaps you would like to install a new modular or manufactured home, the choice is yours! The wide open floor plan affords views of the bay from the kitchen, dining and living areas. The back patio provides ample space to create a private refuge for quiet dinners or just relaxing under the shade. A large carport will keep your cars, boats and golf cart under cover! Paradise Bay cultivates an active community spirit; the Paradise Bay Recreation Hall serves as a hub for social gatherings, hosting shows, potlucks, bingo nights, and more. The community boat ramp facilitates bay access. Beyond boating, the community offers a wide array of activities and social groups, ensuring residents can engage in diverse events and adventures. Amenities extend to a fitness center, spa & woodworking shop. Winter months are filled with lively events, including dances and live music. The heated pool also features daily, year round water aerobics. For those interested in boating, a waiting list is available for marina boat slips. The community’s proximity to Anna Maria Island allows for easy access by boat, car, bike, or foot. This is a great opportunity to own a piece of paradise, where coastal living meets an active, engaging community atmosphere.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$325,000
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 | $260,000 | $260,000 | $260,000 |
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 | $77 | $77 | $77 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,622 | $1,708 | $2,177 |
Total Monthly Payment | $1,774 | $1,860 | $2,329 |
* 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.