Seaside Drive - Vacant Land - Eleuthera, Bahamas

Property Information

Seaside Drive

Type: Vacant Land
Price: $ 25,000 Loan Calculator
Island: Eleuthera, Bahamas
Address: Seaside Drive
Lot Area: 9600 sqft
More info: Click here

Loan Amortization Calculator

You can use this loan calculator to work out what your monthly repayments might be for various loan amounts, repayment periods and annual interest rates. This can help you decide whether you can afford the repayments.

An amortization schedule reveals the specific dollar amount put towards interest, as well as the specific put towards the Principal balance, with each payment. Initially, a large portion of each payment is devoted to interest. As the loan matures, larger portions go towards paying down the principal. The first payment is assumed to take place one full payment period [one month] after the loan was taken out, not on the first day of the loan. The last payment completely pays off the remainder of the loan, often the last payment will be a slightly different amount than all earlier payments. In addition to breaking down each payment into interest and principal portions, the amortization schedule also reveals interest-paid-to-date, principal-paid-to-date, and the remaining principal balance on each payment date.

There are a few crucial points worth noting when obtaining a mortgage for a home with an amortized loan. First, there is substantial allocation of the monthly payments toward the interest, especially during the first years of the mortgage. You will notice that the first payment allocates about 90% of the total payment towards interest and only about 10% toward the principal balance. Not until much later payments into the loan does the payment allocation towards principal and interest even out and subsequently tip the majority of the monthly payment toward Principal balance pay down.

Description

A great lot with sea views that are inspiring. Perfectly sloped toward the west side, also known as the 'Caribbean side' of the island, blue seas and green vegetation all around. Gorgeous sunsets every afternoon.

The vast acreage of Hatchet Bay at your back door. Excellent soil for growing all of our tropical produce.

Electricity is available at the lot. Close to the new organic farm, both north and central airports with flights direct to Miami and Fort Lauderdale. Shopping, goods and services, Mom and Pop stores, restaurants.

Offered for immediate sale.

Amenities

Beach Access
Hill Top View

Pictures / Photos

Real Estate Company : HG Christie Real Estate

Established in 1922, H.G. Christie Ltd. is the oldest and most extensive real estate service in The Bahamas and because of our consistently high level of service, we are also the exclusive affiliate in The Bahamas of Christie's Great Estates, the real estate arm of the world-renowned Christie's Auction House.

We have an incomparable collection of listings for your consideration, and we would be pleased to help you discover your own way to enjoy Elegant Island Living.

More info All properties of this realtor

Real Estate Agent : Rhonda Waton

Name:: Rhonda Waton
Phone:: 242-332-3404 (office) 242-359-7019 (cell)
Fax:: 242-332-3406

Sales Associate Rhonda Waton brings an intimate knowledge of the sea through family roots stretching back through centuries in Abaco and Spanish Wells, and from a great deal of personal experience. Before joining HGChristie in 2004, Rhonda was associated with BASRA (Bahamas Air Sea Rescue Association) first as a volunteer, then as a rescue specialist, and then as Control Officer and Office Manager. Rhonda achieved certification in Terrestrial Navigation with The Bahamas School of Marine Navigation, As part of her responsibilities for BASRA, she worked hand-in-hand with the United States Coast Guard, US Naval liaison to the Bahamas, the Royal Bahamas Defence Force, and the Royal Bahamas Police Force, locating and organizing rescue of a lost loved one at sea, tracking down a relative sailing in the islands, or guiding a lost fisherman home. Born in Nassau, but with a rich heritage from Abaco and Spanish Wells, Rhonda attended St. Andrew's School, moving to Canada for several years. She then returned to Nassau to attend St. Augustine's College.