Direct oceanfront penthouse condo home with immediate rental income. Move right into this 2-bedroom, 2-bath penthouse home in the highly sought-after Point East Condominiums. Offering breathtaking ocean views and direct access to the no-drive beach, this home is perfect for both personal enjoyment and immediate rental income. The open-concept living area is bright and spacious, flowing seamlessly onto a private balcony that overlooks the beautifully maintained grounds with ocean and pool views. The primary bedroom also opens onto the balcony and features a well-appointed ensuite. The second bedroom provides comfortable accommodations for family and guests. This condo boasts numerous upgrades, including the removal of popcorn ceilings with textured ceiling, updated luxury vinyl and tile flooring throughout, crown molding, chair rails, modern ceiling fans, and a glass shower door. The 2021 AC system ensures year-round comfort. The remodeled kitchen has been redesigned with granite countertops, upgraded appliances, and electrical systems. The location of oceanfront Point East is beside a city park which provides open ocean views. Enjoy the many amenities Point East has to offer, including a large pool, kiddie pool, clubhouse, library, bike room, shuffleboard court, and a private storage unit. Don’t miss this rare opportunity to own a fully furnished, move-in-ready oceanfront penthouse. Whether you're looking for a dream beach getaway or an investment property, this is your chance to own a slice of paradise!
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Our Executive Mortgage Banker:
Our Insurance Division:
$522,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $417,600 | $417,600 | $417,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $505 | $505 | $505 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,778 | $2,776 | $3,581 |
Total Monthly Payment | $3,375 | $3,373 | $4,178 |
* 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.