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This custom estate, located on a sought-after corner homesite within walking distance of the beach and Third Street South, has been meticulously constructed by London Bay in collaboration with Stofft Cooney Architecture, Exteriors by Koby Kirwin, and Romanza Interior Design. The estate features an open-concept design that seamlessly integrates both indoor and outdoor spaces. The great room, dining room, and kitchen transition effortlessly into a covered outdoor area, which includes an alfresco living room with a fireplace, a dining space, and an outdoor kitchen, all set within a tropical oasis characterized by lush, mature landscaping. The elegant kitchen is equipped with a large island that accommodates seating for five, alongside a well-appointed butler’s pantry discreetly concealed behind cabinetry. The primary suite is designed with a custom dual walk-in closet and two opulent full bathrooms, one of which includes a soaking tub and a vanity. The study, located across from the foyer, features an interior glass wall and windows that allow an abundance of natural light, framing picturesque views of the thoughtfully designed water features, pool, and spa. On the second floor, three generously sized en-suite bedrooms provide private access to covered balconies. Additionally, guests will find convenience in the laundry room and a loft area that includes sliding doors leading to a balcony. The tropical contemporary architecture is characterized by stone accents, a metal roof, and a motor court for guest parking, and is further complemented by the vicinity of newly constructed homes. Additional noteworthy features include an elevator, generator, natural gas and a three car-garage.
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Our Executive Mortgage Banker:
Our Insurance Division:
$19,900,000
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
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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 | $15,920,000 | $15,920,000 | $15,920,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 5.972% | 5.846% |
| Monthly Tax Payment | $2,053 | $2,053 | $2,053 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $89,147 | $94,173 | $131,138 |
| Total Monthly Payment | $91,324 | $96,350 | $133,315 |
* 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.