Come out of your private elevator & foyer directly into this elegant & distinctive bright residence of 2210Sqft full of Sun with SE Exposure, offering breath-taking views of the Ocean from every room & very spacious balcony terrace. Featuring expansive built-ins & bar, an oversized master quarters w/ deluxe size bathroom & incredibly generous walk-in closets. A 3bdr can easily be made. The Palace is on of most luxurious building in Bal Harbour; beach w turquoise water is an elevator ride away! Near from world known luxurious Bal Harbour Shops & Harding district; close to house of worship. Amenities include tennis court, heated pool, beach service, his/hers spa, hot tub, sauna, fitness center, excellent restaurant, dedicated concierge & more. CABANA21 is available to purchase
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,100,000
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 | $2,480,000 | $2,480,000 | $2,480,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.851% | 6.790% |
Monthly Tax Payment | $1,660 | $1,660 | $1,660 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,880 | $16,085 | $21,774 |
Total Monthly Payment | $17,665 | $17,870 | $23,559 |
* 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.