7700 S Ocean Drive, #Villa #25, Jensen Beach, FL, 34957 | $3,995,000

Coming to market and never before offered in South Florida is Ouanalao; a luxury, residential resort comprised of 25 oceanfront homes and 25 cottages. Situated on Hutchinson Island, you will enjoy 15 acres of pristine beaches with 1200' of direct oceanfront and 700' on the Intracoastal. Hutchinson Island is a barrier island that spans 20 miles long and is surrounded by the turquoise waters of the Atlantic Ocean and Indian River lagoon and estuary. We are located 1 hour north of the Palm Beach International Airport. The resort is fully entitled and will be operated as a resort with 3 restaurants , a 20, 000 sf clubhouse including spa, fitness, market, and marina with 26 dock slips. The resort will be under the Marriott brand as a boutique resort. We welcome you! Inspired by the native spirit & timeless architecture of the French West Indies, Ouanalao is a new residential luxury resort offering fully furnished oceanfront residences fronting both the Atlantic Ocean and Indian River Lagoon on South Florida's Hutchinson Island. This exquisite 15-acre oasis features both sunrise and sunset views from a limited collection of new Beach Homes and Beach Cottages. The stunning oceanfront homes come fully furnished with 5 bedrooms, 5. 5 baths, 2 car garage, media room, private elevator, private pool overlooking the ocean with private walkway to the beach, designer selected finishes, gourmet kitchen with Sub-Zero & Wolf appliances, dry bars, outdoor kitchen with built-in marine grade electric grill, private storage, impact glass windows and doors, 11 ft. ceilings, 9 ft. glass doors and 10 ft. stackable sliders out to the pool deck. Enjoy every detail of these gorgeous homes designed by Randall Stofft Architects, with interior designs by Niemitz Design Group. Ouanalao resort amenities include a 20, 000 Sq. Ft. Community Club House offering fine dining, inviting bars, an oceanfront resort pool, event center, full-service spa and 24-hour fitness center. Beach services are provided with chairs, umbrellas, towels and food & beverage service on the beach. Directly across the street on the Indian River Lagoon, enjoy relaxed dining at the Community River House, daily sail & island eco tours for kids, daily sunset cocktail sail, boat & wave runner rentals, kayaking & paddleboarding, snorkel & dive trips and daily boat dockage, upon availability. Additional community activities include horseback riding, kids club with nightly movies, bicycling, cooking classes and a private Chef experience or Spa Service in your home. Ouanalao Residences and Resorts also offer homeowners the option to place your residence in a vacation rental program with on-site management seeing to all the details. You benefit from the rental income of an exciting new beachfront property without having to manage any of the details. They will take care of the hassles of vacation home ownership, so you can enjoy every moment on property. Ouanalao Residences & Resort is truly carefree island-style living at is most refined and rewarding, allowing you to simply Arrive, Relax and Enjoy!

Features

  • Amenities: Boating, Cabana, Clubhouse, Elevator(s), Fitness Center, Game Room, Playground, Pool, Spa/Hot Tub, Manager On Site, Beach Club Available, Bike Storage, Business Center, Cafe/Restaurant, Sidewalks, Street Lights
  • Rooms: 11
  • Bedrooms: 5
  • Baths: 5 full / 1 half
  • Laundry: Inside
  • Style: Colonial, French Provincial
  • Development: Ouanalao Residences and Resort
  • Year Built: 2023
  • Garage: 2-car Attached
  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Approx Sq. Feet: 4,239
  • Est. Taxes: $0
  • HOA Fee: $1,801 Monthly
  • View: Preserve, Intracoastal, Lagoon, Ocean
  • Water Front: Yes
  • Boat Service: Electric Available, Water Available
  • Elem. School: Savanna Ridge
  • Middle School: Northport K-8
  • High School: Port St. Lucie
  • Pool: Gunite, In Ground, Salt Water
  • Pet Policy: Yes, Breed Restrictions
  • Appliances: Electric Water Heater, Cooktop, Dryer, Disposal, Dishwasher, Electric Range, Free-Standing Freezer, Ice Maker, Microwave, Refrigerator, Water Heater, Washer
  • MLS#: R10793655
  • Website: https://www.raveis.com
    /eprop/R10793655/7700soceandrive_jensenbeach_fl?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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7700 S Ocean Drive, #Villa #25, Jensen Beach, FL, 34957

$3,995,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $3,196,000 $3,196,000 $3,196,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.350% 6.259% 6.183%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $19,162 $19,419 $26,970
Total Monthly Payment $19,287 $19,544 $27,095

* 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.