Stunning oceanfront condo in The Inlet, located in the 1st Class Minorca Resort which offers the BEST panoramic views of the Ocean, the River & Ponce Inlet! This magnificent condo was totally remodeled & tastefully furnished in 2014 with top of the line quality throughout. Gourmet kitchen features top of line newer SS appliances, an abundance of wood cabinets & drawers, breakfast nook, granite counters, gorgeous tiled backsplash, & a pantry w/pull out drawers. Upgrades include a new Refrigerator, dishwasher, washer & dryer in 2021. New A/C & range/oven in 2023. Beautiful new leather pullout couch & plantation shutters were recently added. The lights of Daytona & the Ponce Inlet lighthouse are absolutely spectacular. Extra large tiled oceanfront balcony is 31' x 9' & provides fabulous sunrises, sunsets & is a great place to watch the rockets lift off at Kennedy Space Center! This immaculate condo has floor to ceiling sliders from the MBR & the LR which open to the beautifully tiled oceanfront balcony overlooking the 200 acre Smyrna Dunes Park! Luxurious remodeled bathrooms are tastefully appointed with new tiled step in showers, granite counters & new wood vanities! Not only is Minorca pet friendly, allowing up to 3 large dogs, but there is a designated area in the nearby park for pets on the beach! Included with this fabulous condo is a reserved underground parking spot #P1-17 & a large private storage area great for golf clubs, fishing gear & surf boards. The building was completely renovated in 2009 from top to bottom, including new windows, doors, balconies, railings, paint, roof, pool, pavers and more. The Minorca community is a 1st class gated resort which features a classy clubhouse with catering kitchen, billiards, saunas, fitness center w/TVs, two pools, spas, lighted tennis courts, pickleboard, 24 hour gated entry, private gated access to the oceanfront pool, pavilion and beach, as well as gated entry to the 64 boat slip marina. Boatslips in Marina available for purchase & are great for fishing and watching the dolphins and sunsets. Great potential rental with one week minimum. Short walk or bike ride to Flagler Avenue Shops & restaurants and only 1 hour drive to Orlando. Enjoy the Florida lifestyle today!
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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 | $700,800 | $700,800 | $700,800 |
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 | $962 | $962 | $962 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,487 | $4,487 | $6,153 |
Total Monthly Payment | $5,541 | $5,541 | $7,207 |
* 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.