Direct waterfront property in the highly sought-after gated Port Orange community Palmas Bay Club with Intracoastal and Ocean access. The spacious 5-bedroom, 3. 5-bathroom home is on a large lot and features a covered dock, perfect for enjoying the serene waters of Spruce Creek. On the first level, the living room boasts charming wood beams and French doors that lead to a covered patio. The kitchen is a chef's delight, equipped with solid surface countertops, custom cabinetry, and stainless steel appliances. A convenient half bath on the first floor adds to the ease of entertaining. The expansive primary suite is also on the first floor complete with wood beam accents, a large walk-in closet, and an ensuite featuring dual sinks, a soaker tub, and a separate full tile surround shower. Upstairs, you’ll find four additional rooms, 2 of which can be turned into bedrooms, and two bathrooms. One bedroom serves as a potential second primary suite with a walk-in closet and direct access to a bathroom shared with the hallway. Two of the bedrooms are connected by a Jack-and-Jill bathroom. The second floor also includes a waterfront balcony to enjoy scenic views. The oversized backyard offers ample space for entertaining family and guests, while the covered boat dock provides an ideal spot to relax and take in the breathtaking water views. Own this exceptional waterfront retreat with Intracoastal and Ocean access - schedule your showing today!
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$925,000
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 | $740,000 | $740,000 | $740,000 |
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 | 7.559% | 6.723% | 6.847% |
Monthly Tax Payment | $532 | $532 | $532 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,800 | $4,738 | $6,497 |
Total Monthly Payment | $5,424 | $5,362 | $7,121 |
* 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.