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A rare opportunity to own a fully renovated direct oceanfront estate in Palm Beach. Ideally located south of Worth Avenue and north of Manalapan and Delray Beach, this ultra-private, move-in ready residence offers expansive ocean views, a deep backyard with lush tropical grounds, two pools, a theater, gym, and guest/staff quarters, all within close proximity to elite shopping, dining, schools, and private airports. With its rare combination of location, scale, privacy, and sophistication, this direct oceanfront estate presents an extraordinary opportunity to enjoy the very best of Palm Beach living. PROPERTY HIGHLIGHTS Palm Beach's Schuler Award Estate Overview " Direct oceanfront British Colonial-Style estate " Located just south of Worth Avenue and north of Manalapan and Delray Beach " Ultra-deep lot with expansive private backyard and deep sandy beach " Gated, extremely private, with separate guest and staff parking Exterior Features " Brand new 60' x 20' pool plus secondary pool " Complete exterior repaint " Tropical resort-like landscaping: " 127 palm trees " 26 sea grapes " Green Island ficus, podocarpus, new sod, ferns & groundcover Interior Renovations " All bathrooms fully renovated " Whole house interior paint with Level 5 drywall finish " Custom marble fireplace " New windows throughout (retained high-quality existing doors) " Reimagined master suite with full-glass ocean-view windows and custom his/her closets " Open-concept kitchen and redesigned butler's pantry with breakfast area " Elegant new staircase, custom bar, media/library area " Two laundry rooms (first and second floors) " New wine room cooling system " Gym with rubber floors and mirrored walls " Refinished game room with custom flooring " Added bedroom in second-floor west wing Smart Home Features " Integrated Ketra Lighting System with circadian rhythm technology " New Lutron switches and plates " Invisible-ceiling speakers and whole-house sound system Luxury Amenities " Two resort-style pools " Fully equipped gym " Home theater " Wine room " Game and billiards room " Guest/staff quarters with private parking
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$65,000,000
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 | $52,000,000 | $52,000,000 | $52,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.046% | 5.846% | 5.700% |
| Monthly Tax Payment | $46,758 | $46,758 | $46,758 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $287,146 | $303,458 | $424,883 |
| Total Monthly Payment | $334,029 | $350,341 | $471,766 |
* 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.