Welcome to The Wave Condominium, an esteemed residential complex nestled in the lively summer hub of Manhattan Beach. Upon entry, you're greeted by a grand lobby adorned with LED backlit glass walls, natural wood accents, and comfortable seating areas. The building offers doorman service for residents' convenience. This exceptional duplex condominium presents a rare opportunity to own one of the largest units in the building, boasting three bedrooms, three bathrooms, and over 3000 square feet of indoor and outdoor living space. With ceilings soaring over 10 feet high on each floor and floor-to-ceiling windows, this home is flooded with natural light. Specially designed 8-foot doors add to the elegant ambiance. The main level features an open-concept layout, including a grand foyer with custom closets on both sides and a guest bathroom. The spacious living and dining areas seamlessly flow into a gourmet open kitchen, complete with custom cabinetry, stone countertops, and stainless steel appliances. Floor-to-ceiling windows provide direct access to your private terrace spanning almost 1000 square feet, offering ample space for a gazebo, barbecue area, play area, and sunbathing chairs. Upstairs, the second floor features a king-size owner's bedroom with a walk-in closet and custom built-ins, a primary bathroom, and its own balcony. Two additional spacious and bright bedrooms boast excellent closet space, another bathroom, additional storage space, and an in-unit custom laundry room. All bathrooms feature heated floors for added comfort. This is truly a smart home, with remote control capabilities for various features from your smartphone. Natural wide-plank hardwood flooring, central two-zoned HVAC by Honeywell, and upgraded sound insulation contribute to the serene ambiance of this unparalleled sanctuary. The home includes one indoor garage parking spot and one additional spot that can be rented. Residents of this pet-friendly building can enjoy a state-of-the-art fitness center and steam room, a meeting room with a kitchenette, laundry facilities, and two glorious rooftop lounges with panoramic views of the ocean, bay, and iconic Manhattan skyline. With low monthly maintenance and a 421A tax abatement in place until 2030, this is truly a haven of sophistication and comfort.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,349,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,879,200 | $1,879,200 | $1,879,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | $444 | $444 | $444 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,088 | $11,116 | $15,480 |
Total Monthly Payment | $10,657 | $11,685 | $16,049 |
* 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.