Under contract-accepting backup offers. Don’t miss this rare purchase opportunity on the Florida Canal in the Gated, Guarded, Private Community of Island Estates, a true island neighborhood of the Oceanfront Golf Community of Hammock Dunes on the Barrier Island in Palm Coast! This one owner, 4 BR 4. 5 Bath Mike Machin home was built in 2007 on 1. 445 acres of river front land five minutes from the private community oceanfront beach. The residence property supports scores of luxurious Florida Oaks in a picture book setting for the custom dwelling.
Those familiar with Machin homes know that these houses define quality. Built for the current owner, this grand two-story, in-ground pool home features a three car attached garage, highly functional kitchen, dining room, family room, living room, primary suite, two extra bedrooms, office and laundry on the first floor. Access to the screened in ground pool and lanai is conveniently located throughout the first floor layout. Ride the elevator to the Theater/entertainment room, 4th Bedroom, ample storage and large outside deck on the second floor.
Machin employs high, architectural tray ceilings, wood floors in open areas, oversize doors and abundant use of moldings and trim throughout the home. Ensuite baths are evident in all Bedrooms.
The property also offers a private boat dock on the canal. Photos accompanying the Listing include shots of amenities owned by the Hammock Dunes Club which are not included with this offering. Membership in the exclusive Hammock Dunes Club is however available separately from this offering. Some furnishings shown in the pictures are negotiable.
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$1,750,000
William Raveis Real Estate
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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 | $1,400,000 | $1,400,000 | $1,400,000 |
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 | $1,297 | $1,297 | $1,297 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,080 | $8,964 | $12,292 |
Total Monthly Payment | $10,502 | $10,386 | $13,714 |
* 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.