New Construction. Designer Furnished. Two 7-Bed, 7-Bath Properties for a total of 14 Bedrooms and 14 Bathrooms. Great island investment opportunity. Built in 2022. Steps to the beach and fully turnkey furnished. Rentals already in place and fully booked for the season. This Investment package includes two homes, side-by-side, with a total of 14 bedrooms, 14 baths, two pools, rooftop decks and more. Design provides the owner and investor with the ultimate in investment flexibility. Each home features seven bedrooms and seven baths, custom coastal kitchens with wet bar, dining and great rooms areas, multiple lanais including rooftop lanais, four-car garages, outdoor entertaining areas with heated pools and spas, outdoor showers and more. Beautifully appointed throughout with custom furnishings and artwork, plantation shutters, 8-foot paneled doors, volume ceilings and craftsman trim work. Built for virtually maintenance-free management, you'll appreciate the hurricane-impact windows and doors, plank porcelain tile throughout, LED lighting and synthetic turf. Fully appointed kitchens include center island, double ovens, induction cooking, vent hood, refrigerator and freezer, dishwasher, wine and bar refrigerator, and all the cookware and dishware. The bedrooms in both homes are all designed with baths en-suite and include king beds in most, flat screen televisions, linens, towels and everything you'll need. Outside you'll find plenty of areas fully appointed for entertaining including seating, outdoor TV area, lawn games, heated pool and spa. , and more. Structurally, these homes were built to the latest in building standards featuring concrete construction, metal roofs, and impact-rated windows and doors. One of, if not, the best new construction values on the island. Steps to the beach, fully furnished and appointed, and built to the highest of standards. A great investment opportunity. 2514 Avenue C.
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William Raveis Real Estate
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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 | $5,596,000 | $5,596,000 | $5,596,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.103% | 7.041% |
Monthly Tax Payment | $5,431 | $5,431 | $5,431 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $38,175 | $37,230 | $49,908 |
Total Monthly Payment | $43,731 | $42,786 | $55,464 |
* 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.