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Luxurious 3BR/2. 5BA residence in the exclusive boutique gated enclave of Portofino of Ocean Ridge. One of the largest & rarely available floor plans with nearly 3, 000 sq. ft. , featuring an enormous ocean-view great room with gleaming marble floors, freshly updated and renovated finishes/features & seamless indoor/outdoor flow. A semi-private elevator opens into a spacious open plan with wet bar, coffered ceilings, multiple walk-in closets & two oversized terraces. Unique to this unit: 2-car garage with new impact door + private A/C storage that can even be used as a gym. Portofino offers unmatched privacy with only 18 residences, private deeded beach access, a lush pool/spa & garden bar. Minutes to Delray's Atlantic Ave & Palm Beach. A rare opportunity for exclusive oceanfront living. Experience refined coastal living in this spectacular residence at Portofino of Ocean Ridge, an exclusive gated boutique community of just 18 homes. Ideally situated in Palm Beach County's most coveted seaside enclave, this expansive condominium offers nearly 3, 000 square feet under airone of the largest floor plans available. Fully updated, vacant, and move-in ready, the home features fresh paint throughout, brand new contemporary lighting, new hardware, new lush bedroom carpeting, and new appliances. A semi-private elevator delivers you directly into the residence, where a sophisticated open-concept layout is complemented by a wet bar with beverage center, multiple walk-in closets, and two oversized terracesincluding one that is fully covered for year-round enjoyment, overlooking the ocean. The Primary Suite located just off of the living/great room opens through two french doors, with a beautiful private foyer with a marble ornate flooring design. The primary bathroom includes a large two sink vanity and make-up area, two walk-in closets, a shower, roman tub with jets, and water closet with bidet. The second bedroom may also be used as a primary suite, featuring an additional two large walk-in closets, access to a second terrace/balcony, and a large en-suite bathroom. An office or convertible bedroom (as per the tax roll) features hard wood flooring, plantation shutters, and abundant space and light. Unique to this home is a two-car garage with a brand new hurricane-impact door and a private, air-conditioned storage room and flex space (25'x25') exclusive to the unit. This is perfect for a gym, office, storage, or hobby room. Portofino offers residents private beach access, a resort-style pool and spa with garden bar, and the peace of mind of a gated, intimate community. From your residence, enjoy beautiful ocean views and direct access to Old Ocean Boulevard, one of South Florida's most scenic walking paths. Located just minutes from the vibrant dining and shopping of Delray Beach's Atlantic Avenue and close to Palm Beach's cultural attractions, this home offers both tranquility and convenience in one of South Florida's best-kept secrets. Highlights: Boutique building with only 18 residences 3 bedrooms, 2. 5 baths, almost 3, 000 sq. ft. Two-car garage + private air-conditioned storage/flex room Semi-private elevator & wet bar with beverage center Multiple terraces with ocean views Gated community with pool, spa, bar & private beach access
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,560,000 | $2,560,000 | $2,560,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.385% | 6.223% |
| Monthly Tax Payment | $1,477 | $1,477 | $1,477 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,348 | $15,762 | $21,603 |
| Total Monthly Payment | $16,950 | $17,364 | $23,205 |
* 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.