Pre-Construction. To be built. NEW CONSTRUCTION!! Unique New Home Waterfront Opportunity in the upscale IRB neighborhood! This opportunity offers a newly constructed home, with a new swimming pool, new boat dock, and new seawall, on a peaceful waterfront lot off the Intracoastal Waterway. This new masonry home comes with a piling foundation system, built over 5' above required FEMA hurricane standards. In addition, the entire home including doors and windows meet the 150mph hurricane standards, as opposed to existing 60 year old homes built on grade and not in conformance to todays FEMA standards.
The home consists of 4 bedrooms, 4 bathrooms and a spacious 4 car garage. The open floor plan design on the second floor is served by an elevator to all floors. All new specifications are included with a Sub Zero refrigerator, custom cabinetry with granite countertops, ceramic tile floors, updated moldings, etc. It has 3 decks overlooking the water to enjoy sunrises and sunsets. The property is 3 blocks walking distance from the beautiful sands of the Gulf of Mexico. Across the street is Browns Park, with a playground with tennis courts and pickleball courts.
This home has a total of 5400 sf, and is priced to sell at only $929/sf living area of 3, 042 sf. Not only is a beautiful new Florida waterfront home a relaxing place to watch dolphins swim from your balconies, it is a great investment for any portfolio.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,800,000
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 | $2,240,000 | $2,240,000 | $2,240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 6.989% | 6.936% |
Monthly Tax Payment | $83 | $83 | $83 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,091 | $14,715 | $19,822 |
Total Monthly Payment | $15,299 | $14,923 | $20,030 |
* 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.