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Welcome to 248 Forest Trail, your quintessential Island cottage. Having just undergone a massive ''to the studs'' transformation the home benefits from every surface being remodeled while still keeping the charm of the single story island life style. The home boast 2800 square feet of living space with 5 bedrooms and 4 baths making it the perfect retreat for large families or for big rental revenue. Set on nearly a half acre of land there is a large pool, a huge detached garage and still plenty of space for a great yard as well as parking for all your friends and family! At its core the home features a large great room with kitchen living and dining making a great open concept gathering area for family. The kitchen has stainless steel applianceswith a double refrigerator and double dishwashers for large gatherings. The counters and backsplash have a tropical azure quartz stone to bring the island vibes into the heart of the home. A large dining area seats 10 guests with more seating at the countertop bar. Multiple seating areas including a large sectional make for great living spaces after a long day at the beach. On the other side of the house are 5 bedrooms that can sleep 12 people comfortably. Three of the bedrooms have en suite baths while the bunk room and one other bedroom share a hall bath. All bedrooms and bathrooms have been completely revamped with coastal paint, fresh stone, tile and fixtures. Additionally there is a super fun game room if the kids want to unwind while the adults enjoy the primary living space. Off the main living area is a great grilling deck and access to a great pool to cool off on those hot days! The pool is heated for year round use and has an automatic cover when needed. Just by the pool is a great outdoor shower, a large 26x26foot garage with 9. 5 foot doors and vaulted ceiling for recreation vehicles or for all your beach and pool toys, and a perfect driveway and yard to unwind with some corn hole or basketball. The property spans . 45 acres so there is plenty of room for so much more! The mature oak trees and palm trees keep the lot private and tropical. The home is currently used as a short term rental so you can choose to keep it generating revenue or convert it to a full time residence! Most all furnishings to convey to make the property ready to rent/enjoy quickly! The property is just a short walk to the beach, a short bike and golf cart to all the island bars and restaurants and less than a mile to the rec center or the marina! Don't miss the opportunity to make this the perfect beach home for your family!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,236,000 | $2,236,000 | $2,236,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.911% | 6.764% | 6.666% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,767 | $14,317 | $19,478 |
Total Monthly Payment | $13,892 | $14,442 | $19,603 |
* 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.