Prepare to be amazed by this exquisitely renovated estate, nestled in the exclusive Palm Lake gated community, which boasts just 39 luxury residences in the coveted Dr. Phillips area. This “move-in ready” 5-bedroom, 5. 5-bath pool home with a spacious bonus room offers an unparalleled living experience that is sure to impress. Meticulously updated by the original owners, this home blends timeless elegance with Calabasas-inspired decor, creating a charming and welcoming atmosphere.
From the moment you arrive, the stunning curb appeal, lush landscaping, and meticulously paved entrance will captivate you. Step into the grand foyer, where luxe flooring and a designer chandelier set the tone for the entire home. The open layout seamlessly guides you through to the formal living room, which boasts unobstructed views of the sparkling pool. A private home office and generously sized dining room, both featuring exquisite chandeliers, present ideal spaces for work and entertaining.
The gourmet kitchen is a chef's dream, featuring top-of-the-line KitchenAid appliances, including a double convection oven, induction cooktop, and ice maker—perfect for preparing meals for family and friends. The adjoining family room is bathed in natural light, thanks to large transom windows that flood the space with warmth and charm.
The master suite, conveniently located on the first floor for added privacy, is a serene retreat. It includes dual closets and a luxurious spa-inspired bath, complete with an elegant chandelier, dual vanities, a walk-in shower, and a beautiful soaking tub.
Upstairs, a cozy loft area leads to a large bonus room, pre-wired for the ultimate surround sound and projection system—perfect for movie nights or game days. The second floor also features four generously sized bedrooms and beautifully appointed bathrooms, offering ample space for family and guests.
The outdoor living space is an entertainer's paradise, with a large, screen-enclosed, resort-style pool featuring a waterfall and an inviting sitting area. the home is equipped with a Nest thermostat system, Cat-5-E hardwired cable and access points, Ring Video Doorbell, security cameras, and a 2020 pool pump—ensuring both comfort and security.
This home is truly a masterpiece of design and functionality, offering luxury living at its finest.
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William Raveis Real Estate
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,596,000 | $1,596,000 | $1,596,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.636% | 6.684% |
Monthly Tax Payment | $1,647 | $1,647 | $1,647 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,219 | $10,088 | $13,903 |
Total Monthly Payment | $11,991 | $11,860 | $15,675 |
* 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.