|
Experience the pinnacle of luxury living with this exceptional new construction oceanfront home located on one of the most desirable stretches of Palm Beach Island, the prestigious North End. Known for its private and expansive beaches, this 7, 000 sq ft British Colonial estate occupies a . 33-acre lot with 125 feet of stunning views over the clear blue Atlantic Ocean. The property boasts private deeded beach access via the Kenlyn Road shared beach parcel, ensuring exclusive entry to the pristine shoreline.
Masterfully designed by Greg Palmer of Harrison Design and Mary Frances Garrett of M2B Properties, and expertly constructed by Tim Givens. Features include a basement with elevator access, a 2-car garage, and a heated saltwater pool complete with a jacuzzi spa.
The interior layout is thoughtfully curated, featuring a secondary primary bedroom on the first floor, a formal dining room, a private study, and a gourmet kitchen equipped with a walk-in pantry. All spaces are accentuated by soaring ceilings and designer-grade finishes. The primary suite is enhanced with dual walk-in closets, while the basement level provides adaptable space with a bathroom and laundry facilities, ideal for a wine cellar or exercise room.
This property is a result of a recent collaboration between the renowned Harrison Design and M2B Homes, whose work has been recently featured in Florida Design. Their impressive portfolio includes Merrywood in Atlanta, Georgia, a recipient of the 2020 Addison Mizner Award from the Institute of Classical Architecture and Art Florida Chapter and the 2021 Residential Design Award from the American Institute of Architects Atlanta Chapter.
This is a rare opportunity to own a brand-new oceanfront residence along one of the most coveted stretches of Palm Beach Island. Call for more details on adding the adjoining lot for a . 65 acre estate property.
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$49,900,000
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $39,920,000 | $39,920,000 | $39,920,000 |
| 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 | $20,540 | $20,540 | $20,540 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $232,962 | $242,558 | $336,868 |
| Total Monthly Payment | $253,627 | $263,223 | $357,533 |
* 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.