Direct OCEANFRONT Building and direct OCEANFRONT unit with over 2000 sq feet of living. Very rarely does a 2 bedroom, 2 bath unit in the highly sought-after Mediterranean Condo come on the market, so here is your opportunity. This condo is amazing! Perfect location, on 7th floor with panoramic, direct ocean front views from both bedrooms, living room & kitchen. Arguably the Mediterranean has always been one of the most prestigious condos on the beach. Mediterranean features coded entry and elevator access with secured underground parking, oceanfront pool, outdoor shower and rest rooms pool side, and new sun deck area, in ground oceanfront hot tub, sauna, 2 fitness rooms, large club room with pool table area, media room. Impressive 2 story lobby area, on site management, individual storage cages in parking area. There is an outside gas grill and a new blackstone grill for those who want to grill out. The Mediterranean also allows THREE four legged pets ANY SIZE… Unheard of, We know! There are only 3 units per floor. Enough about this fabulous building, let's talk about unit 702. As you walk through the front door you are greeted with a spacious foyer and direct oceanfront views. Open floor plan concept with split bedroom plan. To the left is a separate dining area, or office/den area. To the right is a large kitchen with granite countertops, breakfast bar eating as well as eat in kitchen area. Adjacent to the kitchen is a large inside laundry room with washer & dryer included, and large walk in storage closet measuring approx 5 x 8. You have direct oceanfront views from Kitchen that leads you to an ample living area, also with direct oceanfront views that open with sliding glass doors to spacious balcony. To the right of the living area is the primary suite with direct oceanfront, panoramic Oceanview’s. Window coverings in both bedrooms are remote control black out blinds . . sea turtle friendly. Slider to large balcony. Windows and sliders are impact glass, but as an extra precaution there are roll down hurricane shutters on all windows and sliding glass doors. The primary walk-in closet measure 7. 2 X 9. 8. The large en-suite bath has a spa-like feeling. Dual solid surface sinks, plenty of cabinets, drawers plus a linen closet. Large soaker tub, with separate walk-in shower and private water closet. The secondary bedroom is the same size as the primary with a walk-in closet and direct oceanfront views and sliding glass door to the large balcony. The guest/main bath has a solid surface countertop with a tub/shower combo. The secondary bedroom could easily be another master suite with the simple addition of a barn sliding door, making it private with en-suite bath. Other wonderful features of number 702 are 9-foot ceilings, crown molding, fresh paint inside and out. Owner also recently had balcony railing and balcony painted. Owner recently (2023) had rollers replaced on sliding glass impact doors. HVAC, 7 years new with salt air condenser blades. The HVAC unit is protected on a balcony on the West side on each floor, making maintenance easy breezy. Hot water tank new in 2023. Ms. Clean lives here. . . this is a must see before this 2-bedroom condo is under contract.
(Seller has a Florida Real Estate License)
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $500,000 | $500,000 | $500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $408 | $408 | $408 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,327 | $3,323 | $4,217 |
Total Monthly Payment | $3,827 | $3,823 | $4,717 |
* 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.