Magnificent one of a kind Contemporary Masterpiece designed by the renowned Soffit Cooney Architects. Enjoy spectacular sunsets over the Gulf of Mexico all year long from the” Sunset Beach Cottage”. This residence is designed to withstand the strongest of storms with solid concrete and block construction, poured second and third concrete floors. The best PGT insulated thermal resistance 170 mph rated for true hurricane windows and a whole house generator. This home features floor to ceiling master bedroom windows, travertine marble floors thru out, great room floor plan with a true Chef’s kitchen and center island. In addition, there are 2 more bedrooms and an office/den on the 2nd level and a bonus room on the lower level. This home is located in the Hideaway Beach Luxury Community which offers unparalleled lifestyle with 2. 5 miles of private beach, newly remodeled Beach Club, beachfront dining, 9 hole golf course and over 150 acres of protected preserve. The restaurants have several menu options including fine and casual dining and more. The new state of the arts, sports and wellness Center is under construction and will be completed in Fall 2025 Join Hideaway Beach, the Neighborhood on the Beach and experience unparallel luxury
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,450,000
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 | $4,360,000 | $4,360,000 | $4,360,000 |
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 | 7.532% | 6.723% | 6.806% |
Monthly Tax Payment | $531 | $531 | $531 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $28,279 | $27,918 | $38,281 |
Total Monthly Payment | $28,935 | $28,574 | $38,937 |
* 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.