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Welcome to the best-priced 2-bedroom, 2-bath turnkey home in Palma Sola Shores, a unique and charming land-owned community with only 101 lots. This quiet neighborhood offers a low HOA fee where the only utility you pay is electric, making it both affordable and desirable. The home itself is a neutral, move-in ready blank canvas, waiting for you to add your own style and personality. A newer A/C system was installed in 2021, providing comfort and efficiency year-round. No hurricane damage here and in addition a pre inspection was done and can be shared to take away any concerns for the new buyer on the major systems in home.
One of the standout features of this property is its rare private rear patio—an amenity that only a select few homes in the community enjoy. You can also step right outside your front door to soak in the Florida sunshine and glimpse the sparkling waters of Palma Sola Bay. Inside, you’ll find the convenience of indoor laundry, complete with a utility sink and generous storage space, which is a step up from the typical exterior shed setups found elsewhere in the neighborhood.
The back of the home features a bright and spacious Florida room, perfect for relaxing or entertaining. This space includes newer flooring and an additional nook that was most recently used as a sewing area, offering a flexible bonus space to suit your needs. Palma Sola Shores is ideally located in the heart of a well-established and affluent neighborhood. Residents enjoy access to a private deck on the bay, a heated pool, a clubhouse, and shuffleboard courts, providing a wonderful lifestyle that blends community, recreation, and relaxation.
This home offers the perfect mix of comfort, value, and location—just minutes from some of the most beautiful beaches in the country. Don’t miss your opportunity to own a slice of Florida paradise at an unbeatable price.
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Our Executive Mortgage Banker:
Our Insurance Division:
$169,900
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 | $135,920 | $135,920 | $135,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.050% | 6.152% |
Monthly Tax Payment | $62 | $62 | $62 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $859 | $893 | $1,138 |
Total Monthly Payment | $996 | $1,030 | $1,275 |
* 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.