Celadon Beach Resort
Location Map:
Location Map: 4.3 miles East of the intersection of Hwy 98 and Front Beach Road/1.5 miles West of intersection of Hwy 79 & Front Beach Rd.
Address:  17757 Front Beach Road, Panama City Beach, FL 32407
Developer:  Celadon Beach Development, Inc.
Escrow/Closing Agent:  Burke and Blue, P.A., 221 McKenzie, Panama City, FL 32401

All Units Directly face the Gulf of Mexico.

A 20% Deposit is due with a contract.  Construction should begin shortly with completion in a approximately 18-20 months.

Unit Square Footage:  The square footage of the units at Celadon Beach are based on interior dimensions.  Most other condominiums along the beach have their square footage calculated from the center of the common walls to the outside of the exterior walls.  Below is a breakdown of Celadon Beach unit sizes measured both ways to help you when comparing Celadon Beach to other condominiums.

Unit Type                      Interior Measurement          Center Wall to Outside Wall Measurement
1 BR w/hall bunks          846 sq ft                                  935 sq ft
1 BR w/bunk room         805 sq ft                                  879 sq ft
2 BR                                1158 sq ft                                1252 sq ft
3 BR                                1400 sq ft                                1520 sq ft

Association Fees:  The association fees for Celadon Beach are as follows: $207.14 for a 1 bedroom Cabana unit and $217.69 for a 1 bedroom Cancun unit; $297.72 for a 2 bedroom; and $360.25 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:  $180,000 value=$2,700 taxes   $250,000 value= $3,750   $300,000 value= $4,950 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:
Dean Carrier at Emerald Coast Bank (850-974-7696), Kristin Pope at Access Mortgage (850-654-1994) or Julie Kuhn at Countrywide (850-301-0830 ext 231).

Estimated Payment Schedule:

Sales Price     20% Down          80% Balance      Monthly Payment*
185,900          37,180               148,720               989.44
201,900          40,380               161,520               1074.60
248,900          49,780               199,120               1324.75
266,900          53,380               213,520               1420.55
320,900          64,180               256,720               1707.96
338,900          67,780               271,120               1803.77          * payment based on 7% interest rate/ 30 yr amortization

White Sands Development Realty
1234 Airport Road, Suite 121
Destin, FL 32541
800-858-2483/850-837-5788
david@whitesandsrealty.com
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ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATION OF THE DEVELOPER.  FOR CORRECT REPRESENTATIONS, MAKE REFERENCES TO THE DOCUMENTS REQUIRED BY SECTION 718.503 FLORIDA STATUTES TO BE FURNISHED BY THE DEVELOPER TO A BUYER OR LESSEE.