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Under contract-accepting backup offers. Discover a rare opportunity to own a CUSTOM-RENOVATED luxury WATERFRONT home in the exclusive Yacht Club Island Estates with EASY OWNER FINANCING AVAILABLE AT 4. 99% WITH 25% DOWN. —the only gated Intracoastal Waterway community in New Smyrna Beach offering direct deep-water access. Available for the first time in over 25 years, this meticulously maintained coastal estate is a true waterfront treasure, showcasing panoramic views of the Indian River and featuring a private two-slip dock, lifts and station to clean your catch-of-the-day. Nestled within an intimate gated enclave of just 23 homes, this property blends timeless design with modern upgrades in one of Florida’s most coveted fishing and boating communities. The residence offers 4, 281 square feet of refined interior space (5, 180 total square feet under roof), including 4 bedrooms, 4. 5 bathrooms, and flexibility for a secondary primary suite on the main level—ideal for multi-generational living. From the smooth stucco exterior and brick paved driveway to mature landscaping and private courtyard entry, every detail of this home reflects high-end coastal living. Inside, the open-concept layout features 10-foot ceilings and uninterrupted sightlines of the waterway, beginning with a formal living and dining space that flows seamlessly to the spacious family room anchored by a stunning coquina stone gas fireplace with river views to soothe the soul. The remodeled chef’s kitchen serves as the heart of the home, featuring new custom cabinetry, granite countertops, designer lighting, premium appliances, wine fridge, breakfast bar, and a bright breakfast nook. The expansive primary suite offers French doors opening to the sunroom and out to the pool area. Dual walk-in closets, and a spa-inspired ensuite with double vanities, a jetted soaking tub, and a walk-in shower. Upstairs, three additional bedrooms and two bathrooms are complemented by a private balcony overlooking the Intracoastal Waterway. Ideal for entertaining, the 35-foot Florida sunroom features an artist-designed custom bar with a wet sink which opens to an outdoor oasis with new sliding glass doors, a resort-style "volleyball" pool, and a waterfall cascading from the spa. The fully fenced, low-maintenance backyard leads directly to the dock, enhanced by water-to-dock vinyl-wrapped pilings for lasting durability. Additional features include NEW HVAC systems, Anderson Renewal energy-efficient windows, a Generac whole-home generator and central vacuum, interior laundry room, walk-in pantry, and an oversized 3-car garage. This exceptional waterfront property combines luxury, comfort, and functionality in a prime New Smyrna Beach location near the Yacht Club, Historic Canal Street, Flagler Avenue, premier golf courses, and the beautiful sand beaches of the Atlantic Ocean. From sunrise to sunset, this home offers a front-row seat to the natural beauty of coastal living—Don’t miss your opportunity to own this one-of-a-kind waterfront home at 1216 Commodore Drive—schedule your private showing today and experience the very essence of Florida and life on the water.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,750,000
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 | $3,000,000 | $3,000,000 | $3,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.241% | 6.110% | 5.972% |
| Monthly Tax Payment | $870 | $870 | $870 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $17,034 | $17,987 | $24,912 |
| Total Monthly Payment | $18,029 | $18,982 | $25,907 |
* 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.