SIGNIFICANT PRICE IMPROVEMENT: Exceptional direct Intracoastal opportunity in the highly desired gated and guarded private Hammock community of Island Estates! This well-maintained 3, 844 sq ft, 4 B/R 3 Bath, 2 half bath single story Arthur Rutenberg salt water pool home sits on just under one full acre of landscaped property, showcasing a covered boat dock with new lift along the 65' boundary adjoining the Intracoastal. The property and location combine to make this more than just a home. This is a Lifestyle!
The home itself offers an extremely functional floor plan with many amenities including, but not limited to, a separate large office with built-ins, wet bar with buffet, built-in garage storage, 240 volt charger for an electric vehicle and outdoor kitchen. Move outside into your large screened lanai which encompasses the substantial, fountained pool area. Short walk to the private ocean beach.
Of additional importance to new Buyers is that both ac's were replaced in 2023, and there is new ductwork throughout the home. A roof mitigation was completed in 2023 as well. Storm shutters are included and there is a whole house generator on property.
Membership in the Platinum rated Hammock Dunes Club is not included with this purchase, but may be available separately.
This is a "must see".
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,895,000
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 | $1,516,000 | $1,516,000 | $1,516,000 |
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 | $1,467 | $1,467 | $1,467 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,707 | $9,707 | $13,310 |
Total Monthly Payment | $11,299 | $11,299 | $14,902 |
* 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.