Extremely rare opportunity to purchase a renovated 4 bedroom plus sleeping loft with two beds, 4 and 1/2 bath beachfront home on a 75’ LOT (1. 5 LOTS!) in immaculate condition. In the future this property will allow you to build a 60’ wide home instead of the standard 40’ wide home you see along the beach. This beach home is nice enough to be your year round residence, a seasonal residence, or as a fantastic beach rental with no restrictions plus future appreciation due to the demand for larger lots and the very very limited supply. The home features an open floor plan with kitchen, dining and large great room all overlooking the beach through sliding glass doors to a cornered lanai right on the sand. The master bedroom suite is on the main level overlooking the beach with a slider to the covered lanai and an update master bath with dual sinks, separate tub, shower and vanity area. There are three other guest suites with renovated baths plus the large sleeping loft next to a full bath. Amenities include fireplaces in the great room and the master bedroom, cortek, carpet and tile flooring, light cabinets in the kitchen with Stainless appliances, large garage area for 2+ cars, paved driveway and best of all this home is being sold turnkey furnished. Note: new irrigation, sod and landscaping are being installed and should be complete in early January.
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Our Executive Mortgage Banker:
Our Insurance Division:
$9,995,000
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 | $7,996,000 | $7,996,000 | $7,996,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.296% | 6.622% | 6.680% |
Monthly Tax Payment | $4,008 | $4,008 | $4,008 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $51,862 | $50,540 | $69,654 |
Total Monthly Payment | $55,995 | $54,673 | $73,787 |
* 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.