This contemporary masterpiece in prestigious Las Olas Isles was meticulously designed by Michael Gray in 2023. This stunning home boasts 7 beds, 7 full baths, and 2 guest baths on a 11, 000 square foot lot with 100 feet of water frontage. The 30 foot ceilings create an elegant airy, light-filled ambiance. The state-of-the-art Italian kitchen complete with Sub-Zero appliances, 2, 000 square foot outdoor space with summer kitchen, 40 foot infinity pool and hot tub cater to avid entertainers. This home also features an elevator and a common media/recreation room leading out to the rooftop. This residence offers a 3-car garage with height for lifts and ample parking in the driveway. Las Olas Boulevard, the beach, and vibrant nightlife offer the epitome in luxury living.
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Our Executive Mortgage Banker:
Our Insurance Division:
$8,500,000
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 | $6,800,000 | $6,800,000 | $6,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $8,821 | $8,821 | $8,821 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $44,105 | $43,541 | $59,704 |
Total Monthly Payment | $53,051 | $52,487 | $68,650 |
* 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.