Cotton BAy - House - Eleuthera, Bahamas

Property Information

Cotton BAy

Type: House
Price: $ 850,000 Loan Calculator
Island: Eleuthera, Bahamas
Address: Cotton Bay
Bedrooms: 5
Bathrooms: 4.0
Living Area: 2800 sqft
Lot Area: 33400 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

This spacious and elegant home was designed in order to enjoy the fabulous beach which it overlooks and manages to be both beautiful and practical, with sliding glass doors and windows displaying the beach, ocean and tropical garden; a spectacular property and simply gorgeous.

To one side of the house are views of breathtaking Church Bay beach and to the other, from the sun room, a most unusual and serene lagoon inlet.

An expansive patio displays the fabulous backdrop of ocean and sky, whilst the beautifully landscaped gardens of almost an acre meander down to the pure white sandy beach with over 138 feet of water frontage.

This is the perfect home for those wishing to invite family and friends, as it has 5 comfortable bedrooms, 4 bathrooms and is over 2,800 sq. ft.

Although it enjoys wonderful sea breezes, the bedrooms are all air conditioned for those balmy summer nights; quality and comfort with an island twist. Construction is extremely solid and built for tropical weather conditions.

Located in the south of the Island of Eleuthera, for those seeking a tranquil life amidst the unspoilt beauties of nature, this is a perfect spot. Some of the most lovely and pristine beaches are found in the south, including world famous Lighthouse Point.

However, a few miles to the north one can shop or visit the restaurants in the settlement of Rock Sound, with the airport nearby.

The Island's capital, Governors Harbour is less than an hour's drive to the north with its quaint homes and restaurants.

For families or groups of friends wishing to spend an idyllic vacation, this is a truly exceptional property.

Amenities

Beach Access
Beach Waterfront
Dock
Golf Course
Hill Top View
Pets Welcome
Turn Key

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 : Angela Darville

Name:: Angela Darville
Phone:: 242-557-7557

Angela was born and brought up in the county of Cheshire in England then moved to the south for 5 years to the Universities of Southampton and London where she studied English language and litearature. After lecturing for 2 years in both subjects, Angela decided to go in search of sun and adventure and moved to the beautiful Bahama islands where she continued to teach and travel for many happy years. However, having bought a cottage on the magical island of Eleuthera, Angela decided on another adventure once more, moving to live there full time and accepting a job with the prestigious firm of HG Christie. Angela finds real estate to be a fascinating learning experience, especially from a legal perspective, and as there is always plenty to learn, it is challenging and exciting. As a former educator, Angela loves to help people and believes passionately that providing knowledge to clients is the key to making the right purchase. Angela loves travelling, particularly in Europe and experiencing different cultures. She is a voracious reader, loves taking her dogs for walks on the beaches in Eleuthera and speaks French.