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Welcome to casual elegance at its finest on the North End of Palm Beach! This brand-new, custom-built masterpiece designed by Roger Janssen and interior decorated by Decorators Unlimited. This fully furnished home boasts high-end finishes and exquisite attention to detail throughout. Featuring high ceilings, designer lighting, and impeccable craftsmanship. The open-concept layout seamlessly connects the living, dining, and kitchen areas, creating the perfect space for entertaining guests or enjoying quiet family evenings.
The gourmet kitchen features Wolf and Sub Zero appliances, custom cabinetry, and a large center island with quartz countertops. Whether you're preparing a casual breakfast or hosting a lavish dinner party, this kitchen is sure to impress. Retreat to the luxurious master suite, where you'll find a spacious bedroom, a spa-like ensuite bathroom, and a private balcony overlooking lush tropical landscaping. Additional bedrooms offer ample space for guests or family members, each appointed with their own en-suite bathrooms for ultimate comfort and convenience. Outside, the meticulously landscaped grounds provide a serene oasis for relaxation and enjoyment. Lounge by the sparkling pool, dine al fresco on the expansive patio, or take a short stroll to one of the best beaches on the Island. Residents of Monterey have access to a beautiful beach parcel for a nominal fee. Expected completion date of May 2024.
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Our Executive Mortgage Banker:
Our Insurance Division:
$13,995,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $11,196,000 | $11,196,000 | $11,196,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.223% | 6.164% |
| Monthly Tax Payment | $4,963 | $4,963 | $4,963 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $65,337 | $68,028 | $94,478 |
| Total Monthly Payment | $70,425 | $73,116 | $99,566 |
* 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.