One or more photo(s) has been virtually staged. Welcome to luxury condo living in The Oaks Preserve. This 3 bedroom, 3 bath corner unit with office, offers everything you need to live the country club lifestyle with comfort and ease. Take your private elevator to the 5th floor and you will find this lovely residence in pristine condition. The kitchen has stainless steel appliances, breakfast nook, a center island with wine rack and cookbook shelf, and beautiful cabinetry. It looks out to the great room, which encompasses the formal dining area and the living room. This space, situated at the corner of the building, is filled with natural light in the day, and gives you wide views over the Preserve. In the evening you can dine or just relax while the setting sun paints the sky with gorgeous color. Or sit out on the screened balcony to take in the water views. In addition to impact windows and doors, this unit has electric hurricane shutters for added protection. It also has a 1 car garage, and one under building parking space. Take advantage of The Meridian residents-only pool, spa and workout room just a short walk from the building and everything else The Oaks Club has to offer: 2 incredible 18-hole golf courses, 12 HAR-TRU tennis courts, pickleball courts, a state-of-the art Wellfit Center, croquet lawn and bocce courts and an incredible culinary program you can experience at three onsite restaurants. Membership is required with ownership. INITIATION FEES GOING UP ON 2/1/2025. BUY NOW BEFORE THE INCREASE!
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Our Executive Mortgage Banker:
Our Insurance Division:
$995,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $796,000 | $796,000 | $796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $351 | $351 | $351 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,097 | $5,097 | $6,989 |
Total Monthly Payment | $5,540 | $5,540 | $7,432 |
* 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.