Palmetto Shores, Eleuthera - Vacant Land

Property Information

Palmetto Shores, Eleuthera

Type: Vacant Land
Price: $ 27,200 Loan Calculator
Island: Eleuthera, Bahamas
Address: Palmetto Shores, South Palmetto Point
Lot Area: 17506 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

17,506 sq. ft. lot available just a hop, skip and a jump from beach and marina.

Palmetto Shores is a subdivision of just over 100 lots and is situate on the calm Caribbean side of Eleuthera overlooking the Sea. You'll be within minutes of the necessities in the village of Palmetto Point. Drop your coat and tie and bring your boat on down and design your very own cottage. Enjoy the ambiance of the sand, sea and sun of the Caribbean.

Easy access to two airports at Governor's Harbour or Rock Sound. Own a lot on the popular island of Eleuthera.

Amenities

Beach Access

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 : Anne Bethel

Name:: Anne Bethel
Phone:: 242 470 9921

Anne was raised in the heart of New York City. She attended Williams College in Williamstown, Massachusetts and in 1985 graduated with a Bachelors Degree in Fine Arts. Shortly after she packed her entrepreneurial and artistic talents and followed her heart to Eluethera, Bahamas where she has lived and worked ever since. Since moving to the Bahamas Anne has owned and operated several successful businesses including a restaurant, a cottage industry organic farm/plant nursery to a retail cleaning supply store. Anne also worked for several years as a draftsman and project manager for a local architect where she was able to gain a thorough understanding of construction to fit the varied landscape and environment of the Bahamas. Anne discovered her interest and natural talent in real estate when she started to manage several privately owned homes. Property management coupled with her knowledge of construction and service industry skills gives Anne a unique insight into buying property in the out islands of the Bahamas. Over twenty years of living on and exploring the beauties of Eleuthera gives her an in depth understanding of both the real estate and history of the island. Anne has been a Real Estate sales associate and a member of The Bahamas Real Estate Association (BREA) since 2005. She is now a member of the sales team at HG Christie LTD.