Rainbow Bay - House - Eleuthera, Bahamas

Property Information

Rainbow Bay

Type: House
Price: $ 497,000 Loan Calculator
Island: Eleuthera, Bahamas
Address: Rainbow Bay
Bedrooms: 4
Bathrooms: 3.0
Living Area: 1600 sqft
Lot Area: 12000 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

Great main house and loft with huge boathouse. BONUS!

This three-bedroom cottage and boathouse-loft located in Rainbow Bay boasts both a stunning elevation and spectacular views of the Caribbean ocean.

Over 1000 square feet of fully screened porches between both the cottage and the boathouse allow you to comfortably enjoy your view, While adding tons of extra living space for year round lounging.

The garage has ample space to store your boat and vehicle when you aren't launching it at one of the numerous boat ramps over the island.

Main:
Vaulted ceilings, tiled floors, furnished, three bedrooms, two baths, fun and easy, great for entertaining. Designed with low maintenance, and outdoor living in mind...

Loft:
BIG sea views of the Bight, easy to know which side of the island to go fishing on, great loft with large screened-in porch. Living room upstairs,(unfurnished), Bedroom and bath, downstairs. On the back end the huge garage, ready for your boat and toys!

Live and lease in either space. Great rental opportunity! The tranquil Rainbow Bay beach is also just a five-minute walk away from your front door, as well as local dining, tennis courts, and more!

Amenities

Beach Access
Furnished
Guest House
Hill Top View
Tennis Courts
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 : Daniel Waton

Name:: Daniel Waton
Phone:: 242-557-7474

Returning to his birthplace, Daniel has been welcomed onto the formidable sales team of H G Christie Ltd, The Bahamas' oldest real estate firm. At 20 years of age, Daniel has experienced life, eco tourism, development and industry on 5 of the beautiful islands of the Bahamas, including Abaco, Spanish Wells and Eleuthera. Spending formative years enjoying the structure and disciplines of a premiere ranked naval academy in the United States, Admiral Farragut Academy, Daniel enjoyed the luxury of international education and the camaraderie and competition of sports, particularly lacrosse, football and boxing with sailing and fishing as a favourite hobby.

Graduating, with sights set on the South, Ole Miss, the University of Mississippi, was a great fit as a University. However the passion of an island boy called, as formal education did not inspire. Passion was ignited in the islands and there it remained. Home called, Daniel answered. Always a penchant for entrepreneurship and sales, with a lucky streak for winning competitions, Daniel turned to Starter Island, a startup competition built to educate and encourage entrepreneurship for fun and as a way to break back in to his hometown. His team went on to win the competition, and their idea was offered backing by the Starter Island crew.

Turning his interest to his core studies of business and finance, a Mom as a long standing top producer in the firm, and a love for beautiful places, real estate was a natural gravitation. Becoming licensed as one of the youngest to pass the real estate exam at 18 years of age in the Bahamas, Daniel had little time to spend selling as he was quickly snatched up by the exclusive Club at Windermere, on private, Windermere Island, Eleuthera. Here, he devoted a year as the driving force to upgrade the Club and developed the trust, respect and appreciation of long standing members, and established employees with tenure, handling matters of management of the exclusive club with diligence and aplomb.

Determined to return home to Nassau, and luxury being a reoccurring theme and perfect fit, an opportunity presented itself. Quickly, high level of responsibility and management became a natural position as Daniel was hired for property management at luxury residences on Paradise Island. Property management being the first ingredient in his resume, which also includes
a strong portfolio of development aerial photography and yacht charter brokerage. Personal interests are hiking, diving, fishing, social media marketing, weight training and general physical fitness and well being. His why: To be better tomorrow than I was today.