Imagine waking up each morning to the soft hues of sunrise over the Atlantic Ocean, visible from your wrap-around balcony in this beautiful 2-bedroom, 2-bathroom, direct oceanfront condo. Located on the coveted No Drive Beach of South New Smyrna, this unit offers panoramic views of miles of pristine coastline. The interior has been thoughtfully furnished with a coastal design and an open-concept living area drenched in natural light. The primary suite offers a serene retreat with a king-size bed, a large ocean-viewing window, and an elegant en-suite primary bathroom. A spacious guest bedroom and guest bathroom provide comfort and convenience for visitors. The unit also includes a stackable washer and dryer and features neutral tile and luxury vinyl plank flooring with carpet in bedrooms to complete this retreat home. Shorehom By The Sea, renowned for its rental zoning, has recently undergone extensive renovations, including newly restored balconies, and hurricane-rated windows, sliders, and doors, making this complex one of the most updated in New Smyrna Beach. All assessments have already been paid. Additional amenities include a walk-in closet in the primary bedroom, an owner closet within the condo, a large shared storage area on the 5th floor, a gas grill for the complex, multiple outdoor showers, and new restrooms in the pool area. Residents also benefit from a full-time property manager on-site. As a resident, you’ll enjoy private beach access, a heated pool for year-round enjoyment, and the peace of mind that comes with a meticulously maintained property. Located minutes from the vibrant dining and shopping experiences of Flagler Avenue and Canal Street, and just a short drive from Canaveral National Seashore, this condo offers the perfect blend of luxury, convenience, and potential for lucrative rental income. Don’t miss your chance to own a piece of paradise; this stunning beachfront retreat won’t last long.
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$725,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $580,000 | $580,000 | $580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $151 | $151 | $151 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,859 | $3,810 | $4,891 |
Total Monthly Payment | $4,102 | $4,053 | $5,134 |
* 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.