Nestled along the pristine coastline, the Hammock Beach Resort Condominium offers a luxurious and captivating retreat for those seeking the ultimate coastal living experience. This premium, 1-bedroom, 1-bath condominium boasts not only stunning ocean views but also a host of upscale features that make it the perfect home away from home. Features include a large foyer entry, split bedroom and living room space along with a large bathroom offering double vanities and a walk in shower. Hammock Beach is a beautiful ocean front community that offers world class amenities all within steps to the beach. The purchase of a beach club membership includes exclusive access to a $6 million swimming complex complete with a water slide, lazy river, a full service day spa and salon, fitness center, tennis, incredible dining, kayaking, putt-putt golf, bike rentals and so much more! Golf memberships include The Nicklaus Ocean Course and The Watson Conservatory Course. This condominium is established in the Hammock Beach short-term rental program. Use it for personal vacations with friends and family, then rent for additional income. The Hammock Beach Resort offers a lifestyle of rest, relaxation and recreation all with in steps of the beautiful Atlantic Ocean.
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Our Executive Mortgage Banker:
Our Insurance Division:
$369,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $295,200 | $295,200 | $295,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $231 | $231 | $231 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,964 | $1,962 | $2,531 |
Total Monthly Payment | $2,270 | $2,268 | $2,837 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.