2401 S Atlantic AVENUE, #B405, New Smyrna Beach, FL, 32169 | $740,000

Welcome home to this gorgeous completely reimagined condominium at The Pelican. This unit is in a premier location with beautiful straight on views of the ocean and is directly near the elevator. The main living area was professionally designed around a totally renovated kitchen which was expanded to include a large pantry, bar area with shelving, and a beautiful pale blue island that houses a microwave. Premium appliances, quartz countertops, top-of-the-line shaker-style cabinets, high-end Morano glass lighting, and wood-like porcelain tile floors round out the list of upgrades. The primary bath and closet were redesigned to accommodate more spacious storage. Ceiling throughout the main areas has been recessed and refinished and new interior doors and hardware throughout. Full size new washer and dryer. New insulated impact doors and windows. New AC installed 2024. Plantation shutters in both bedrooms. Major building renovation completed in 2022 included concrete restoration, new roof, new railings, deck coatings, pool furniture and paint. This condominium makes a terrific investment as the HOA is strong, with onsite property management and a rental office. Property has a tropical resort-like feel with two oceanfront pools, shuffleboard, gas grills, and a clubhouse. The Pelican is close to fabulous restaurants and shopping. Buyers and their agents are advised to verify all information deemed important.

Features

  • Elevator: Y
  • Heating: Central
  • Cooling: Central Air
  • Levels: 6
  • Amenities: Clubhouse, Elevator(s), Pool, Shuffleboard Court
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Inside
  • Complex: PELICAN
  • Year Built: 1974
  • Common Charge: $589 Monthly
  • Approx Sq. Feet: 1,182
  • Acreage: 4.47
  • Est. Taxes: $9,665
  • Pet Policy: Yes
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: O6227132
  • Days on Market: 42 days
  • Website: https://www.raveis.com
    /prop/O6227132/2401satlanticavenue_newsmyrnabeach_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 9/19/2024 5:37:46 PM)
Listing courtesy of PREMIER SOTHEBYS INT'L REALTY   Phone: 407-333-1900

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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2401 S Atlantic AVENUE, #B405, New Smyrna Beach, FL, 32169

$740,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $592,000 $592,000 $592,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.125% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.483% 6.273% 5.268%
Monthly Tax Payment $805 $805 $805
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,597 $3,597 $4,678
Total Monthly Payment $4,494 $4,494 $5,575

* 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.