Gorgeous penthouse-level corner condo in Cinnamon Beach at Ocean Hammock! Enjoy mesmerizing views from this spacious 3 bedroom/3 bathroom residence with massive balcony overlooking the Atlantic Ocean, and the famous par-3 8th hole of the Jack Nicklaus Signature Ocean Course. Tasteful fit-and-finish, including granite counters, 42-inch cabinets, and more. Soaring vaulted cathedral ceilings create a grandiose environment. Corner location features windows along the side of the condo, allowing for ample natural light and bright, feel. The largest floor plan in the community, this layout offers 2 bedrooms that have full bathrooms en suite, and the 3rd bedroom has easy access to a 3rd full bathroom that also serves as the common area bathroom. Separate laundry room, elegant entry foyer. Gather together in the living area with breathtaking ocean views, or unwind on your open-air tiled balcony and enjoy sunrises over the ocean. Fall asleep each night to the sounds of waves crashing on the shore! Top-floor location means you'll never have anyone above you, and offers the best views in the building. Storage cage in garage area conveys with the property. Walk to the community clubhouse with oceanfront pool and hot tub, lakeside pool with water slide, game room, fitness center, bar/grille and more!
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Our Executive Mortgage Banker:
Our Insurance Division:
$949,000
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 | $759,200 | $759,200 | $759,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.545% | 6.748% | 6.932% |
Monthly Tax Payment | $570 | $570 | $570 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,924 | $4,861 | $6,718 |
Total Monthly Payment | $5,586 | $5,523 | $7,380 |
* 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.