Discover Your Dream Oceanfront Home at Castle Reef, a tropical, resort-style oceanfront complex nestled on a serene no-drive beach. Imagine waking up to breathtaking sunrises and unwinding in the evenings with spectacular sunsets, all visible from the comfort of your own unit. This exquisite property is perfect as your new paradise home or as a lucrative investment opportunity. Enjoy uninterrupted views of the ocean right from your unit. The unit boasts a newly renovated kitchen featuring quartz countertops, modern appliances, and brand-new flooring throughout. Two updated bathrooms and stylish new furniture complete the luxurious feel. Relax in the heated pool or let the little ones splash around in the kiddie pool. Make use of outdoor showers, bathrooms, and convenient gas grills. Engage in a friendly game of shuffleboard, pickleball, or tennis. Host unforgettable family reunions, birthdays, and holiday celebrations at the gazebo or clubhouse. Step out of your door and onto the pristine sands of the no-drive beach. A shopping center across the street meets all your daily needs, while Flagler Avenue offers a vibrant array of restaurants, nightlife, and unique shopping experiences. Enjoy easy day trips to the Daytona Speedway, historic St. Augustine, Walt Disney World, Kennedy Space Center, and other world-famous theme parks. Embrace a life of luxury and convenience at Castle Reef. Whether you’re looking for a permanent residence or a prime investment property, this is your chance to own a piece of paradise. Come and experience the Castle Reef lifestyle – your new life in paradise awaits! Seller will pay assessment of $690. 00 a month through December 31, 2024.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$510,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $408,000 | $408,000 | $408,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $541 | $541 | $541 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,714 | $2,712 | $3,498 |
Total Monthly Payment | $3,347 | $3,345 | $4,131 |
* 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.