PRICE REDUCTION! Welcome to 222 Lora Street. This 4 bedroom, 4 bathroom, brand new construction custom home is the epitome of luxurious, coastal living. Located only a block and a half from the ocean, every day feels like a seaside getaway when you can walk down to the beach with your morning coffee to watch the sunrise. Beaches Town Center is just a 5-minute bike ride away. Located east of Third Street, bike or walk to the local coffee spots, restaurants and shopping with peace of mind knowing you don't have to cross any high-traffic streets!
Built by Eastern Shores Construction, architecture by FORM + SPACE, interior design by River & Palm Interiors, and landscaping by Ben Dinkins Landscaping Design- this home was built to last. Thoughtful design and premium materials maximize flood resiliency and enhance energy efficiency. Created around the non-replicable presence of the mature oak on the property that stands out as a unique feature seldom seen in other new construction homes. The house is built off-grade on concrete foundation pillars and showcases a resilient aluminum metal roof built for longevity in the coastal environment.
This home's custom architecture defines coastal luxury with a modern aesthetic. The interior's elegant custom finishes give a refined feel in every room, with hand-selected high-end, brand name plumbing fixtures, tile and lighting throughout. With every bedroom featuring a walk-in closet, staircase bonus storage space, and a dedicated laundry area --you have all the space you could need!
An oversized quartz kitchen island with waterfall edge, undermount cabinet lighting, sophisticated accent wall in the living room and refined, custom two-tone cabinetry -- you'll want to entertain guests every night! Large, operable windows give the home an abundance of natural light. Relax on the covered front porch under the trees and take in the ocean air. A luxurious, one-of-a-kind tiled outdoor shower awaits you out back. The private well and irrigation make caring for this luscious landscape a breeze. The detached garage allows for two vehicles and ample storage of all your extras! There was nothing left out on this amazing new construction--it truly is a must see!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,330,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,864,000 | $1,864,000 | $1,864,000 |
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 | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $1,276 | $1,276 | $1,276 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,090 | $11,935 | $16,366 |
Total Monthly Payment | $13,491 | $13,336 | $17,767 |
* 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.