5499 S Atlantic AVENUE, #905, New Smyrna Beach, FL, 32169 | $1,250,000

Welcome to your FULLY UPDATED & FULLY FURNISHED coastal paradise (Short Term Rentals ALLOWED, over $75, 000 in Rental Income for 2024 already booked) in the highly sought after gated community at Southwind Tower in the heart of New Smyrna Beach! STRUCTURAL INTEGRITY RESERVE STUDY and MILESTONE INSPECTION REPORT COMPLETED. This luxurious 3-bedroom, 3-bathroom condo is located on the "NO DRIVE" part of the beach and offers an unparalleled oceanfront living experience. Situated on the 9th floor, this residence boasts a three-way split floor plan, ensuring maximum privacy and space for you and your loved ones. As you step inside, you'll be captivated by the direct unobstructed north ocean views that greet you from every angle. The private balcony beckons you to unwind and soak in the panoramic vistas of the Atlantic Ocean – a perfect spot to enjoy your morning coffee and watch the sun rise on the horizon. This condo features an open floor plan that seamlessly connects the living, dining, and kitchen areas. The recently updated kitchen is a chef's dream and offers solid wood cabinets with dovetailed drawers, soft close doors and drawers, Quartz counter tops and backsplash, stainless steel appliances and ample storage. The layout allows you to prepare meals while taking in the mesmerizing ocean view. All three bathrooms have been elegantly upgraded, with the master bathroom showcasing a spa-like atmosphere to enhance your relaxation. The new washer, dryer, and hot water heater offer both convenience and efficiency, ensuring your comfort is prioritized. For added peace of mind, newer windows and brand new electric hurricane shutters have been installed to protect your haven from inclement weather. They can be closed and opened with a push of a button or remotely from your phone. The beauty of beachfront living is now accompanied by the security you deserve. This condo is not just a home, but a part of a vibrant community. The building's 12th floor Penthouse Owner’s Lounge with rooftop deck offers a plethora of amenities including a full kitchen, billiard table, ping-pong table, gaming & card tables and a television. A cozy fireplace adds a touch of warmth during cooler evenings. Your leisure options continue with a beach side seasonally heated community olympic sized pool, pickleball, shuffleboard, tennis and basketball courts making staying active and socializing with neighbors and friends a breeze. Don't miss this rare opportunity to own a slice of oceanfront luxury in one of New Smyrna Beach's most coveted locations. Immerse yourself in the tranquility of coastal living while still enjoying modern comforts and upscale amenities. Contact us today to schedule a private viewing and make this dream oceanfront condo yours! This is Florida Living at it's finest!

Features

  • Elevator: Y
  • Heating: Central
  • Cooling: Central Air
  • Levels: 12
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 3 full
  • Complex: SOUTHWIND CONDOMINIUM
  • Year Built: 1980
  • Common Charge: $950 Monthly
  • Approx Sq. Feet: 1,816
  • Acreage: 2.69
  • Est. Taxes: $12,503
  • Pet Policy: Yes
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • MLS#: O6132172
  • Days on Market: 344 days
  • Website: https://www.raveis.com
    /prop/O6132172/5499satlanticavenue_newsmyrnabeach_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/23/2024 12:47:12 PM)
Listing courtesy of RE/MAX TOWN & COUNTRY REALTY   Phone: 407-695-2066

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888.699.8876

Contact@raveis.com

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

5499 S Atlantic AVENUE, #905, New Smyrna Beach, FL, 32169

$1,250,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $1,000,000 $1,000,000 $1,000,000
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 $1,042 $1,042 $1,042
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,403 $6,403 $8,780
Total Monthly Payment $7,570 $7,570 $9,947

* 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.