Seller financing possible for qualified buyer. It’s always boating season in St. Augustine, and this 4-bedroom, luxury residence is nestled on the coastline of Salt Run, the most coveted waterfront in St. Augustine. The amenities - dock, pool, hot tub, and outdoor bar - have taken shape, and the long-awaited community of Cortez on The Water now offers unparalleled elegance, convenience and a low-maintenance lifestyle. The residence, a testament to a lifestyle of elegance, boasts 2, 772 square feet of living space, elevator, four separate patios, and a deep water boat slip that accommodates a watercraft up to 38. ’ With two separate primary suites and two guest bedrooms, there is plenty of space for family and friends. The residence lives more like a house than a condominium with three stories, spacious great room, gourmet kitchen with gas range, two-car garage and on-demand hot water heater. Enjoy the ease of condominium living - a reasonable HOA fee of $2, 035 per quarter covers the dock, pool, hot tub, irrigation, insurance, landscaping and maintenance. Beautifully appointed, furnished and turn-key, opportunities abound whether you seek a year-round residence, vacation getaway or income-producing vacation rental. The boat slip can be rented separately of the home. Positioned perfectly between Historic Downtown St. Augustine and the area’s many beaches, Cortez on the Water will be your anchor. It’s just a short journey to all of St. Augustine experiences from the cobblestone allure of St. George Street to the white sand beaches of Anastasia State Park & beyond. Cultural treasures like the Lightner Museum, the Cathedral Basilica, and educational landmarks such as Flagler College are just over the Bridge of Lions. This mosaic of attractions offers a dive into the soul of St. Augustine, blending the old with the new right at your luxury residence’s doorstep.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,300,000
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 | $1,040,000 | $1,040,000 | $1,040,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.826% | 6.936% |
Monthly Tax Payment | $1,070 | $1,070 | $1,070 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,745 | $6,745 | $9,203 |
Total Monthly Payment | $7,940 | $7,940 | $10,398 |
* 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.