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Unique opportunity to own a 1/13 share of Pelican Porch in Jeremy Cay. Enjoy all the benefits of owning this multi-million-dollar home without the burden of full-time maintenance. With shared expenses, it is the perfect solution for those seeking a luxurious getaway without the commitment of sole ownership. Sellers of this Share # 8 own Share # 9, having 2 consecutive weeks per quarter, so be sure to ask listing agent about the opportunity to purchase both. Enjoy magnificent views of the Atlantic Ocean and Jeremy Inlet 1 week per quarter throughout the year at this 4 bedroom, 4-1/2 bath home in Jeremy Cay, an exclusive gated community on the oceanfront shores of Edisto Island. Cozy up in front of the wood burning fireplace in the living room while taking in the sights and sounds of the ocean. Enjoy any one of the 3 decks facing the ocean, beach, & inlet. Views of the ocean and inlet fill all rooms with lovely coastal living hues. With a trio of sliding glass doors and windows framing panoramic ocean vistas, Pelican Porch includes a rooftop sundeck from which you will enjoy 180 degree views of Edingsville Beach and Jeremy Inlet. On a clear day, you can see as far as Seabrook Island to the left and Hunting Island, Harbor Island, and the outskirts of Fripp Island to the right. The home has a golf cart for owners use as well as individual locker-style stand up storage units to hold your beach toys and personal items. Take a stroll or golf cart ride to Jeremy Cay's private beach out front. Avoid the crowds and enjoy the miles of Edingsville Beach from Jeremy Inlet to Frampton Inlet shared by just a handful of homes. Situated on a secluded stretch of coastline known as Edingsville Beach, this property offers privacy and serenity, yet it's just minutes away from the Town of Edisto Beach, a grocery store, hardware store, gas stations, gift shops, boat landings, marina, and many locally-owned restaurants and bars. Jeremy Cay showcases a harmonious blend of natural coastal foliage, wildlife, and beachside charm with winding shell sand roads lined with Palmetto, Oak, and Cedar trees. Don't miss your chance to own a share of this unparalleled oceanfront retreat. Schedule a private tour on Fridays between 12: 00-3: 00 and start enjoying the ultimate in coastal luxury. Here are a few additional points to note: *No pets, No smoking, and owners may not rent their weeks on the short-term rental market. * Home can only be shown on Fridays between 12: 00-3: 00 ** Cash only as no partner can use the home owned by other partners as collateral for a mortgage. A buyer can though use an equity line of credit (HELOC) on their own primary residence to purchase this share. * See list in the Documents section of what the $350/month HOA fee covers
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $108,000 | $108,000 | $108,000 |
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% | 7.025% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $683 | $709 | $904 |
Total Monthly Payment | $758 | $784 | $979 |
* 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.