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221 Monroe Drive, West Palm Beach, FL, 33405 | $9,800,000
Historic-meets-new construction. Originally built in 1925, this residence has been taken down to the studs and is undergoing an expansive transformation nearly doubling in size to just under 5, 000sf of luxurious living space in the main house with 5 BR & 4. 1 BA, plus a 410 sf detached guest suite, and a pool cabana with a half bath and outdoor shower--a seamless blend of beloved and coveted historic charm and thoughtful modernity. Imagined by CBG Developers, Gengler Architects, and SMR Consulting, 221 is set to be crafted with the finest materials and finishes. **APPROVED FOR HISTORIC PROPERTY TAX EXEMPTION -- significant savings potential and value against neighboring non-historic new construction homes. Inquire for customization options. Greeted by a fountain-centered courtyard primed for cocktail gatherings, this Mediterranean property with bougainvillea framed entryways and picture windows is a showstopper in the neighborhood. The centerpiece of the backyard is a shimmering saltwater pool, pillared by four towering palm trees, creating a chic tropical oasis. The pool cabana is equipped with an outdoor shower, kitchen, bathroom and lounging area for effortless entertaining. When hosting family or friends, the second-floor suite, with a kitchenette and washer/dryer, overlooking the grand backyard from its private balcony will serve as a retreat offering privacy and comfort. Located steps away from the Intracoastal and the renowned Antique Row. You're minutes from downtown WPB, Palm Beach Island, and PBIA, along with the rapidly growing scene of top-tier shopping, entertainment, and dining, expanding from Northwood to SoSo - putting 221 Monroe right at the center of it all. All renderings are conceptual and are subject to change without notice. All features, specifications, and plans are subject to change without notice. Not all amenities, features, finishes, and decorative objects depicted herein may be constructed or included in accordance with the artist's renderings or descriptions.
Features
- Rooms: 7
- Bedrooms: 6
- Baths: 5 full / 2 half
- Laundry: Laundry Closet, Inside
- Style: Old Spanish, Mediterranean
- Year Built: 1925
- Garage: 2-car Attached
- Heating: Central
- Cooling: Central Air
- Approx Sq. Feet: 5,282
- Acreage: 0.29
- Est. Taxes: $48,650
- Elem. School: Palm Beach Public
- Middle School: Conniston Community
- High School: Forest Hill
- Pool: In Ground
- Pet Policy: Yes, No Restrictions
- Appliances: Cooktop, Dishwasher, Gas Range, Oven, Gas Cooktop
- MLS#: R11027557
- Website: https://www.raveis.com
/eprop/R11027557/221monroedrive_westpalmbeach_fl?source=qrflyer
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.Listing courtesy of Nest Seekers Florida, LLC
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Pedro DelgadilloInsurance Sales Director, William Raveis Insurance
305.922.5393
Pedro.Delgadillo@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
221 Monroe Drive, West Palm Beach, FL, 33405
$9,800,000
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
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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 | $7,840,000 | $7,840,000 | $7,840,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.235% | 6.164% |
| Monthly Tax Payment | $4,054 | $4,054 | $4,054 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $46,377 | $47,637 | $66,158 |
| Total Monthly Payment | $50,556 | $51,816 | $70,337 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388