Tranquility and splendor await you at this 2024 Beach Villa, offered by luxury builder Del Mar Construction. Enjoy the beauty and freedom of barrier island living. This lot is 10' above sea level. First and second floors are CONCRETE BLOCK! Builder is offering a $12, 000 credit to buyer at closing. What a roof! Standing seam Kynar coated aluminum roof is the gold standard in roofing, it has an interlocking design with no exposed screws. This quality of roof is only found in the finest of home designs. Hand painted exterior shake shingles & front door with stone detail are just the beginning to the craftsmanship that are on display inside. Unique European inspired design featuring arched entrances and 10' ceilings. The entrance is both dramatic and warm with hand painted entry door and wood ceiling, wallpaper and limestone tile. The living room, dining room and kitchen are the heart of this home perfect for enjoying time with family and friends. The dream kitchen, equipped with Monogram refrigerator and undercounter beverage center, Bosch dual fuel range and paneled dishwasher, Sharp undercounter microwave, custom lighted cabinets with pullout coffee bar, natural gas cooktop with pot filler. Large kitchen island with seating and Sreena & Lily mosaic Cadiz shell pendant lighting. An amazing authentic stone accent wall flows from the dinning room and ascend 20' up the stairwell. Site built handcrafted custom staircase, handrails and stainless railings. Opulence and luxury are on display in the owners suite with a custom built hand painted arched entry door, lime wash nickel gap accent wall, hand painted bedroom walls and a Dimplex fireplace. The oversized bathroom is a tranquil retreat boasting a soaking tub with a beautifully detailed accent wall and floating shelves. Natural light fills the room through high privacy windows. A large shower of blended wall tiles, yours and mine vanities, private water closet with pocket door and a linen closet. The extra large walk-in closet is a room of its own, a dream closet! The second bedroom is oversized with an en-suite bathroom tastefully designed, floor to ceiling tiled shower and vanity. Nestled on the east side of the second floor and just beyond the arched entry is a magical environment. The third and forth bedrooms have large windows with views of the expansive backyard and mature trees. Watch the many amazing species of birds in their natural habitat. The laundry suite is a delight, spacious and warm with Serena & Lily wallpaper (throughout the house) above the board & batten walls, washer & dryer hook ups, large deep drawers, cabinets, counter tops and a generous sink. Main floor glass doors open to a beautiful covered porch, wood inlay ceiling, shake shingles and limestone tile floor. One of two covered porch areas to enjoy. Energy saving high impact rated windows and Icynene ceiling insulation, Smart thermostats. Garage has floor to ceiling slat wall and Epoxy flooring. Across from the IndianRiver Lagoon Park, walking path, wooden pier and its beautiful sunsets. Just steps to miles of sugar sand beach and the ocean. Huge extra large lot (176' deep) and has plenty of room for a pool and summer kitchen. The rear 4' concrete retaining wall with vinyl fence gives you plenty of privacy. Wide backyard entry gate. Walking distance to restaurants and shopping. Enjoy the gorgeous sunset to the west. Come live your best life!
Under appraised value with One Year builder warranty on structure.
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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 | $1,359,999 | $1,359,999 | $1,359,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
Monthly Tax Payment | $382 | $382 | $382 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,596 | $8,708 | $11,847 |
Total Monthly Payment | $9,103 | $9,215 | $12,354 |
* 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.