Information Page
Sunrise is nearing completion! Walk thrus are underway and the closing schedule is as follows:
Floors 6-10 The week of Feb. 20
Floors 11-15 The week of Feb. 27
Floors 16-20 The week of March 6
Floors 21-24 The week of March 13
Floors 5-25 The week of March 20
Sunrise Beach
Location: 1.4 miles East of the intersection of Hwy. 79 and Front Beach Rd., or one mile East of the new Pier Park.
Address: 14825 Front Beach Road, Panama City Beach, FL 32413
Developer: Sunrise Beach Associates, LLC.
Escrow/Closing Agent: Burke & Blue, P.A., 221 McKenzie Ave., Panama City, FL 32401
All Units Directly Face the Gulf of Mexico.
Contracts require a total deposit of 20% of the sales price. Completion is scheduled for late Fall 2005.
Association Fees: The association fees for Sunrise Beach should be approximately: $210.00 for a 1 bedroom unit $280.00 for a 2 bedroom, and $360.00 for a 3 bedroom. The fees will include water, sewer, trash, pest control, cable and exterior maintenance and insurance.
Interior Insurance Premiums: Insurance for the exterior is included in the association fee. Interior (contents) insurance coverage varies according to unit size and quality of furnishings. Premiums generally range from $400-$1,000 annually. Please consult your insurance agent for details.
Property Taxes: Property taxes will be approximately $1,400 to $1,500 per $100,000 of assessed value. Examples: $220,000 value = $3,300 taxes $250,000 value = $3,750 taxes $350,000 value = $5,250 taxes
Estimated Loan Payments: Every $100,000 borrowed at 7% interest over a 30-year amortization schedule equals a monthly payment of $665.30 or $66.53 for every $10,000. These figures are approximate and are not to be relied upon as accurate. Interest rates change daily, so please consult your lending institution or mortgage company for current rates. For your lending needs and quotes call: Mel Ponder at Emerald Coast Bank (850-865-3532); Kristin Pope at Access Mortgage (850-654-1994); Julie Kuhn at Countrywide (850-301-0830 ext 231), or Susie Dodson at Destin Bank (850-837-8100).
Equal Monthly Payment Per $1,000
Term Rate 15 Years 30 years
6% 8.44 6.00
6¼% 8.58 6.16
6½% 8.72 6.33
6¾% 8.85 6.49
7% 8.99 6.66
7¼% 9.13 6.83
7½% 9.28 7.00
7¾% 9.42 7.17
White Sands Development Realty
1234 Airport Road, Suite 121
Destin, FL 32541
800-858-2483/850-837-5788