There are exceptional properties. There are exceptional homes. When the two unite, it is a once in a lifetime opportunity.
Proudly presenting a rare opportunity for the discerning few to acquire an oceanfront legacy home. An ideal community, setting, and home to be the gathering place for family and friends for many years. Nestled majestically on Ocean Crest Drive, upon one of the finest homesites on Florida’s Atlantic Coast, this exquisite home was designed to maximize the sweeping views of the ocean, beach, and the Jack Nicklaus signature ocean course and preserve. Over several years of planning and construction, every detail was meticulously thought through and executed by leading craftspeople and trades from across the country. The home offers an unparalleled experience of luxury living, yet it has a timeless appeal which is best described as ‘beach elegant’. As the sun rises and sets over the last four holes, known affectionately as 'The Bear Claw' by Nicklaus himself, the landscape transforms into a breathtaking panorama.
With an eye on detail, a 3-foot stem wall raises the home above the already 20-feet from sea level. Capturing 270-degree views, the home also ensures maximum privacy. A travertine driveway welcomes you to the home with every detail meticulously planned and beginning with the 3-car oversized garage with beautiful stained custom cedar doors and equipped with electric vehicle hookup.
The 2nd level main entrance leads to a custom designed front door. The home has a walnut wood-lined elevator. The owner took attention to create custom ceiling designs and great window designs. For comfort, the six en-suite bedrooms have separate AC controls and ceiling fans, as do all other rooms. The expansive 2nd floor living, dining, and social space features walnut floors and custom, 10-foot frameless turtle-reflective commercial-grade glass windows (on all three floors), allowing the beauty of the surroundings to permeate every corner. There is a wonderful private office/den with built-ins and golf and ocean views. One focal point for the family is the custom step-down bar and the artfully designed waterfall wall. A hidden-in-floor television (master suite too) keeps the view the main thing. The gourmet kitchen with top-of-the-line Wolf 6-burner gas stove, two dishwashers, and a large Sub-Zero refrigerator, is a chef's dream, and has a large pantry hidden from view. The 2nd floor patio has a step-down design to maximize unobstructed viewing of the ocean when inside. All Patios have custom cypress wood ceilings. The outdoor kitchen with Wolf grill and sink area provide more get together moments. The home has bug spray mist system on all patios for comfort year-round.
The first-floor has wonderful ocean views and features an infinity-edge pool, hot tub, a large ocean front sun patio for tanning, and an outside walled ‘beach’ shower. Inside is a sitting area and custom bar, three ensuite bedrooms, an 800+ bottle glass-walled wine room, a fitness room, and spacious laundry room. The top floor has two guest ensuite bedrooms and the lavish primary suite with pedestal bed, crystal Swarovski light sconces, and large patio. A lavish master bath completes the suite with a curved custom glass shower, soaking tub, and 3 large windows for more ocean viewing. With impeccable attention to detail and many more features and amenities, 368 Ocean Crest Drive epitomizes Beach-Elegant living at its absolute finest.
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,500,000
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 | $5,200,000 | $5,200,000 | $5,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.799% | 6.876% | 6.850% |
Monthly Tax Payment | $2,644 | $2,644 | $2,644 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $34,596 | $33,727 | $45,656 |
Total Monthly Payment | $37,365 | $36,496 | $48,425 |
* 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.