3 Story Ocean View, 5 bed/4. 5 bath, luxury coastal contemporary home with elevator on secluded oversized lot across from ocean at end of dead-end street that abuts Minorca. One of only few houses on the street that have grandfathered rights to enjoy all of the amenities at Minorca and Inlet Villas Marina. All bedrooms and living areas transition through large glass sliding doors to huge, covered porches for seamless and luxurious open indoor/outdoor living on all floors. This West Indies inspired luxury coastal home was built in 2019 by Rex Tibbs and landscaped by Signature Landscape, both of Winter Park, FL, and boasts 3596 SF in living space under air, 1976 SF in covered porches and balconies, and 1191 SF for 3 car garage plus carport, summer kitchen, pool/spa, and large backyard. 3rd floor has open kitchen and family room with natural gas Wolfe and Subzero appliances, two islands, fireplace, wet bar, office, powder bath, and two enormous porches to maximize the gorgeous ocean views and breezes. 2nd floor has 3 bedrooms/3 bath (incl. master bedroom w/walk-in closet, in-suite soaking tub, separate shower and double vanity), plus Miele coffee bar and lounge all of which open onto balconies. 1st floor includes guest bedroom with French doors, living/pool room with bath, disappearing sliding glass doors for indoor/outdoor transition to summer kitchen, pool/spa deck, and back yard. Gorgeous, covered summer kitchen and large entertainment area opens to heated saltwater pool and spa with IPE wood pool deck and gas fire table. Luxury pet-friendly, draining turf system on all 5 upper floor balconies and porches. Smart house for lighting, security cameras, pool, and indoor/outdoor sound system. Gas Generator. 1st and 2nd floor laundry rooms. 2 natural gas water heaters. 3 car garage plus separate carport with wall hanging storage system. Minorca amenities includes clubhouse, fitness, pools, cabana, tennis courts, fishing pier, and private marina with boat slips for rent and purchase
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William Raveis Real Estate
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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 | $2,780,000 | $2,780,000 | $2,780,000 |
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 | 7.406% | 6.762% | 6.830% |
Monthly Tax Payment | $2,088 | $2,088 | $2,088 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $18,031 | $17,801 | $24,408 |
Total Monthly Payment | $20,244 | $20,014 | $26,621 |
* 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.