It’s not every day you come across the opportunity to own a beautifully updated residence with views of the sparkling, pristine Gulf of Mexico. Experience breathtaking sunsets each evening as they dip below the ocean’s horizon from this exquisite three-bedroom, three-bath condominium in the prestigious Savoy building. In the heart of Park Shore, this highly sought-after residence offers unparalleled coastal living and luxury. Your gourmet kitchen boasts a large granite center island with bar seating, complemented by sleek quartz countertops, soft-close cabinetry and an elegant glass backsplash. The open concept living space flows seamlessly and highlights two open, covered balconies, each offering stunning ocean views. Pristine tile flooring throughout enhances the warm and modern ambiance. This home also features three fully updated baths with quartz countertops and spacious, tile walk-in showers. Residents of Savoy enjoy a host of world-class amenities, including a state-of-the-art fitness center, tennis and pickleball courts, bocce ball and rooftop sundecks. The recently renovated lobby welcomes guests in style, while the expansive pool area, complete with a covered seating area, grills and fire pits, creates the ideal setting for entertaining. Additionally, guest suites provide comfort for visitors, and the building's leasing policy allows up to 12 leases per year, one of the few buildings in all of Park Shore with this flexibility. This condominium makes for an exceptional investment opportunity or your own private beachside retreat.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,495,000
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 | $1,996,000 | $1,996,000 | $1,996,000 |
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% | 6.864% | 6.810% |
Monthly Tax Payment | $1,084 | $1,084 | $1,084 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,781 | $12,946 | $17,525 |
Total Monthly Payment | $13,990 | $14,155 | $18,734 |
* 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.