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Welcome to Grove Estates — Downtown Delray's only Gated Single-Family Home Community built by award-winning Azure Development. The Serenity model in Grove Estates sets a new standard of luxury living in downtown Delray Beach within true walking distance to Atlantic Ave. Just over 3 blocks to Atlantic Avenue and 2 blocks to Pineapple Grove. This brand-new, modern residence offers 4 bedrooms, 5 full bathrooms, 2 powder rooms, large flexible club room with bar, office, lounge, & over 5, 000sf of expertly crafted interior living space. Designed with clean lines, soaring ceilings, & expansive 12' floor to ceiling windows, this home is bathed in natural light & built for seamless indoor-outdoor living. Covered lanai with summer kitchen & views of the pool, with sunshelf & spa from all living areas. Only 5 homes remain in Grove Estates with 5 homes already sold. This home will be completed and ready for move-in Fall/Winter 2026, but other homes in Grove Estates will be completed earlier for quicker move-in. 320 Grove Pl is a Serenity Modern, but can be customized with mixtures of finishes from the Serenity Farmhouse, if you contract soon. Designed by celebrated architect Randall Stofft and curated by Czar Interiors, the Serenity model spans 5, 192 square feet of air-conditioned living with over 6, 300 total square feet of resort-style space. Soaring 12-foot floor-to-ceiling glass windows invite light and lush greenery into every corner of the home, creating a seamless connection to the outdoors. The dramatic floating staircase and private elevator offer both modern flair and convenience, while the thoughtful layout effortlessly blends entertaining and everyday living. The gourmet kitchen is a chef's dream, outfitted with Wolf and Sub-Zero appliances, custom 12-foot cabinetry, and a hidden butler's pantry. An expansive club room offers full front and back bars and expansive glass doors that open completely to the outdoors, perfect for hosting or relaxing in style. Step outside into your own private oasis with an oversized saltwater pool, spa and sunshelf surrounded by dense, tropical landscaping for total privacy. The covered outdoor living area features a full summer kitchen, wood-clad ceilings, and concealed retractable screens, allowing for effortless indoor-outdoor entertaining no matter the season. Upstairs, expansive balconies with glass railings overlook the lush central green, a landscaped park exclusive to Grove Estates, ideal for peaceful walks, yoga, or simply taking in the tranquility. Upstairs, 4 spacious bedrooms include a luxurious VIP suite and a stunning primary retreat, each designed with custom finishes and spa-like bathrooms. A three-car garage, solid steel and concrete second-floor construction, natural gas fireplace, and designer fixtures round out this exceptionally built home that merges quality with artistry at every turn. With unmatched design, rare privacy, and a location just steps from the energy of downtown Delray, this is your opportunity to claim one of the most exclusive addresses in South Florida.
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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 | $3,800,000 | $3,800,000 | $3,800,000 |
| 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 | $473 | $473 | $473 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $22,176 | $23,089 | $32,067 |
| Total Monthly Payment | $22,774 | $23,687 | $32,665 |
* 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.