Constructed in 1955 for wealthy philanthropist Captain Edwin and Hester Merwin Ayers, this two story home was originally designed throughout as a ship from their time spent on the open sea. Built to very high standards, its superior design and construction has weathered the past 60 years. A complete interior remodel of the home was completed in 2010 bringing all plumbing, electrical, and mechanical systems to up to code creating a modern 2-bedroom, 2-bathroom (and 2 half bath) home. Ensuring privacy and comfort for all occupants, the home’s layout offers two appointed owner’s suites with large walk-in closets, ensuite baths, and private balconies for relaxation. The building site even today provides this home with views to the horizon of the intracoastal in a panoramic display unmatched by all but a handful of the one hundred or more homesites between the north bridge and the inlet. Its 90 feet of seawall is one of the deepest spots along the north intracoastal due to the channel pressing eastward from the nearby island and sandbar which offer up ever-changing views throughout the tide cycle directly before your eyes. This is not just any intracoastal lot due to its height and exceptional location and boat access capabilities. This coveted spot on North Beach is just moments away from all the amenities with a short walk to the beach and close proximity to Smyrna Dunes Park, the dog beach, and Flagler Avenue where you’ll find nightlife, restaurants, and shopping. Compare any other sites and you will know the difference! All information contained herein is deemed reliable but not guaranteed. All information to be verified by Buyer. Measurements are approximate.
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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 | $3,300,000 | $3,300,000 | $3,300,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $2,009 | $2,009 | $2,009 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $21,130 | $21,130 | $28,974 |
Total Monthly Payment | $23,264 | $23,264 | $31,108 |
* 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.