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Welcome to paradise in this spectacular direct oceanfront condo situated in the First Class Minorca Resort surrounded by fabulous views of the Ocean, the beach & the Indian River! This 4BR/3BA Coquina floor plan is a corner unit with 2, 620 ft. of living area & two spacious balconies to watch the glorious sunrises & sunsets! Situated on the 5th floor, the southeast facing balconies capture the elegant curvature of the white sandy beach & offer the perfect spot to watch the rockets lift off from Kennedy Space Center. Private pavered pool, spa, BBQ grills & handicap walkway to the beach! Gourmet kitchen features top of the line appliances, a breakfast nook, granite counters, 2 pantries, a spacious island with bar stools & opens to a large balcony. Entertaining is easy & ready to enjoy in this turn key breathtaking condo beautifully furnished. This condo includes a convenient underground parking spot #37 as well as a private storage closet on the same floor, great for golf clubs, beach & fishing gear. Floor to ceiling sliders & lots of windows provide plenty of natural sunshine. Luxurious tiled bathrooms are tastefully appointed & the Master Bath has a step-in shower, garden tub and double vanities. Monthly fee of $1, 469 includes maintenance of this building & use of all Minorca amenities. Pet friendly allowing 2 pets up to 80lbs and Smyrna Dunes Park next door has a doggy beach. This world class resort features a gorgeous clubhouse with catering kitchen, card tables, pool table, saunas, fitness center w/TVs, pool, spa, BBQ grills, 4 lighted tennis courts, 24 hour gated secured entry, private gated access to the oceanfront pavilion and beach, as well as gated entry to the 64 boat slip marina. Boat slips & docks are available for purchase & are great for fishing, crabbing and watching the dolphins and sunsets. Enjoy the riverfront gazebo with bathrooms, ping pong table & grills for BBQ's & racks for kayaks & paddleboards. Short walk or bike ride to Flagler Avenue Shops & restaurants and only 1 hour drive to Orlando. Don't miss this rare opportunity to live the Florida lifestyle today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,847,000
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 | $1,477,600 | $1,477,600 | $1,477,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.838% | 7.141% | 7.082% |
Monthly Tax Payment | $1,922 | $1,922 | $1,922 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,955 | $9,831 | $13,178 |
Total Monthly Payment | $12,002 | $11,878 | $15,225 |
* 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.