Welcome to your dream beach retreat! This stunning, fully renovated FEMA-compliant beach home is perched on a wide, desirable block, close to shopping, and vibrant restaurants. Enjoy views of both the ocean and bay from the comfort of your elevated contemporary residence. This bright and airy home features an open floor plan with soaring cathedral ceilings and skylights that bathe the space with natural light. The main living area seamlessly connects to a spacious deck with ocean views, perfect for relaxing or entertaining. The heart of the home is a modern chef's kitchen with sleek quartz countertops, a farmhouse sink, and premium stainless steel appliances, including a Zephyr vent hood. With multiple bedrooms, including a luxurious primary suite with its own private deck and bath, this home offers flexible living spaces to suit any need. Built to FEMA standards, this home boasts an incredibly low flood insurance cost of just $500 annually. Additional highlights include radiant heat floors, CAT 6 and 4 zones of Mitsubishi split A/C and heat units throughout, new hardwood floors, and smart home features that include a Lorex security system and Lutron dimmer switches. Outdoors, the property shines with beautifully crafted decks, an outdoor shower, and even a barbecue area with a dedicated gas line. There's a bonus space with ample parking with-in the garage and drive way. This home is more than just a place to live-it's a lifestyle. This residence offers the ultimate in luxury beach living with the peace of mind that comes from superior design and quality craftsmanship.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,275,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,020,000 | $1,020,000 | $1,020,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $1,245 | $1,245 | $1,245 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,712 | $6,198 | $8,402 |
Total Monthly Payment | $7,081 | $7,567 | $9,771 |
* 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.