One or more photo(s) has been virtually staged. Feel the Ocean Breezes on Ocean Way at this Brand-New Blue Water Built Pool Home. This Spectacular 2-Story, 5 bed/5 1/2 bath Pool Home is in the impressive oceanfront community of Cinnamon Beach at Ocean Hammock. The outdoor Oasis is a showstopper with an amazing covered patio, outdoor shower, pool with large sun shelf to lounge on and sparkling water views over the lake. The outdoor kitchen is a grill-master's dream featuring a built-in grill, an outdoor sink, prep space, and room for a large dining table to entertain. Step inside this Brand-New Home and you will be greeted by a beautifully designed open and bright home with Coastal touches throughout. Great attention to detail went into creating a tranquil feel in every space. Curated lighting fixtures are showcased in every space including uplighting as you ascend the staircase to feature an art collection. The ground level hosts the ideal space to gather in the open concept living, kitchen and dining rooms. This Elegant kitchen includes: luxurious fixtures, Quartz countertops, gorgeous backsplash, stainless steel appliances, wine coolers, in-wall oven, glass cooktop, stunning hood, under cabinets lighting, large island, and butler’s pantry with refrigerator. Gorgeous Tray Ceiling in the Great room with natural light pouring through the expansive sliding glass doors lead out to the massive covered patio ready for indoor/outdoor living. The first floor also features a bedroom/study with French doors and private bath, laundry room and half bath. Head upstairs for an awesome loft space with access to the huge balcony. The wet bar in this loft is extremely convenient for grabbing a cool drink or brewing your morning coffee to effortlessly carry it out to the balcony to sip on as the sun rises. Spacious primary bedroom is also on the 2nd floor with a custom closet and ensuite. The primary bathroom showcases dual vanities and massive shower with stunning tile accents and separate soaking tub. The other 3 bedroom suites are also located on this level. All the bedrooms feature fit and finish closets. Soft-close cabinet doors and drawers are throughout the home. The 2 car garage sports a fresh epoxy floor. Short walk to the beach and Cinnamon Beach amenities which include: oceanfront pool, lakeside pool, kids' splash pad, kiddie pool, beach access, fitness center, seasonal bar & grill, business center, game room and more. Amazing Opportunity as a Short-Term Rental Investment!
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William Raveis Mortgage, LLC
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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 | $1,358,800 | $1,358,800 | $1,358,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 6.258% | 6.201% |
Monthly Tax Payment | $350 | $350 | $350 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,256 | $8,256 | $11,466 |
Total Monthly Payment | $8,731 | $8,731 | $11,941 |
* 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.