Stunning 6th floor penthouse unit with vaulted ceilings and expansive ocean views that will leave you amazed! One of only 8 direct ocean front penthouse units in Cinnamon Beach with 1682 square feet of unparalleled scenic views. Imagine waking up as the sun rises over the Atlantic Ocean as you enjoy a cup of coffee on your oversized tiled balcony. The spacious 3 bedroom and 2 bathroom floor plan with vaulted ceilings provides plenty of room for the whole family. This desirable floor plan is the only one in Cinnamon Beach that offers a slider from the master bedroom to the balcony in addition to patio access from the main living area. The open kitchen and dining room area make family dinners together a must. The beach walkover is only steps away. There is also a private storage locker in the garage to keep your beach chairs, coolers or golf clubs. Your family will enjoy the great on-site amenities at Cinnamon Beach, with two pool areas, fun game rooms, a complete fitness room, and a full restaurant/cafe open in season. Your new life at the beach is just a few steps away. Outstanding rental history. This condo will be sold fully furnished and rental or move-in ready! Check out why Cinnamon Beach is a premier vacation destination.
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Our Executive Mortgage Banker:
Our Insurance Division:
$845,000
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 | $676,000 | $676,000 | $676,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.250% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.360% | 6.956% |
Monthly Tax Payment | $746 | $746 | $746 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,385 | $4,162 | $5,982 |
Total Monthly Payment | $5,223 | $5,000 | $6,820 |
* 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.