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Presented by
Victoria Clarke Payton |
Remastered oceanview residence, at Delray Beach's well-managed Ocean Place condominium, is across from the beach and one block from Atlantic Avenue. With two balconies, ocean views can be enjoyed from every room. This condo not only offers its owners a luxurious beach lifestyle but also offers a fantastic investment opportunity. Don't miss out on making this piece of paradise at Ocean Place your own! This pet-friendly association welcomes rentals and has recently completed significant capital improvements, including concrete restoration, a new roof, freshly painted exteriors, and updated common areas. With a balanced budget and reserves set to meet requitemnts this exceptional property is ready for you to move in and start enjoying beachside living. Located just 1 minute from the vibrant Atlantic Avenue, you'll have access to gourmet restaurants, extensive shopping, and endless entertainment options. This condo not only offers a luxurious beach lifestyle but also a fantastic investment opportunity. Don't miss out on making this piece of paradise at 120 S Ocean Blvd your own! leasing allowed multiple times per year on a 60-day minimum. building has no special assessments or pending financial concerns. The association is professionally managed and fiscally stable, with reserves fully funded and all required milestone and 40-year obligations already satisfied. HOA fees are transparent and dependable. Compared with many other island buildings facing higher fees, loans, or unresolved compliance issues, this property stands apart for its stability and predictability. LOCATION 120 South Ocean Boulevard, Delray Beach, Florida: Ocean Place, in East Delray Beach's sought-after Seagate neighborhood, is just across the street from the City's award-winning pristine Blue Flag Beach, and one block from vibrant Atlantic Avenue's arts and entertainment venues interspersed with fine-dining establishments, cafés and bars. PROPERTY Residents of Ocean Place enjoy a resort lifestyle with outdoor amenities that include a heated pool, Jacuzzi, and sauna, as well as tennis, pickleball and basketball courts. With a balanced budget and no special assessments, Ocean Place's recently completed, significant capital improvements include concrete restoration, a new roof, freshly painted exteriors, and updated common areas. Pet friendly and welcoming rentals, Ocean Place offers onsite management, one assigned-parking-space per unit and ample guest parking. RESIDENCE Enjoy ocean views through window-walls of glass from every room in this stunning updated condominium residence at Ocean Place, just steps from award-winning pristine Blue Flag Beach! Ready for immediate occupancy, featuring two balconies and a luxe coastal ambience, this exceptional beautifully appointed residence, with 1, 753 +/- square feet, offers oceanside living at its best. With an open-floorplan concept, the living and dining areas adjoin the recently remodeled kitchen, fitted with stainless-steel appliances. Placed separately for privacy from the ensuite guest bedroom, the primary suite comprises two walk-in closets and a spa-inspired bathroom with dual sinks and a walk-in shower. This condominium not only presents its owners with a luxurious beach lifestyle but also offers a fantastic investment opportunity. Don't miss out on making this piece of paradise at Ocean Place your own! NOTE: HOA fees due quarterly @$7, 455/QTR. DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to listing company and may be listed or have sold with other members of the Multiple Listing Service. Transactions where listing company represented both buyers and sellers are calculated as two sales. "No payments made until title passes" Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Information published or otherwise provided by seller, listing company or its representatives is deemed reliable but are not guaranteed and subject to errors, omissions, or changes without notice. Copyright 2025 by the listing company. All Rights Reserved.
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$2,250,000
Sales Associate
William Raveis Real Estate
Phone: 239.692.1065
Victoria.ClarkePayton@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 | $1,800,000 | $1,800,000 | $1,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.875% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.130% | 5.984% | 5.912% |
| Monthly Tax Payment | $3,228 | $3,228 | $3,228 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,220 | $10,648 | $14,947 |
| Total Monthly Payment | $13,573 | $14,001 | $18,300 |
* 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.