Presented by
Chris Borncamp - Miranda & Procopio Group |
Rare New Construction Opportunity in East Atlantic Beach – FEMA Compliant & minutes from the Ocean! Discover the potential of this exceptional new construction home, situated on three separate lots in the exclusive private beach community of East Atlantic Beach. Just one block from pristine sandy shores, this west-facing property offers breathtaking sunsets and afternoon sun, making it the perfect coastal retreat. Built with quality craftsmanship, this home is currently framed with a new roof, 80% of plumbing completed, and 200-amp electrical service installed. Featuring Andersen 400 Series windows throughout, central AC systems, and framing for a possible elevator spanning from the ground floor to the third level. Enjoy two expansive ocean view Trex decks equipped with under-deck drainage systems. PROJECTED LAYOUT: Ground Floor: 9-ft ceilings, prepped for radiant heat, 2-car garage, additional storage, and access to the side yard—ideal for an outdoor shower. The north side yard offers space for a pool, while the south side features an 18-ft wide driveway accommodating 4+ cars. Main Level: A massive open layout designed for your dream kitchen, dining area, and living space, with a setup for a gas fireplace. A walk-in pantry and laundry room add convenience, while a half bath enhances functionality. The expanded deck allows for steps leading to the north side yard, creating indoor-outdoor access. Upper Level: A luxurious primary suite featuring soaring cathedral ceilings, space for a spa-like en-suite bath, a sitting area, a walk-in closet, and a private ocean view deck. Features two additional well-appointed bedrooms and a full bathroom. This is your chance to customize a dream beach home in highly sought-after East Atlantic Beach. With construction well underway, bring your vision and finishing touches to make this your perfect coastal escape! Located just one block from the private beach and moments from Long Beach’s iconic boardwalk, local dining, and boutique shops, this home offers the best of coastal living.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,525,000
Sales Associate
William Raveis Real Estate
Phone: 239.409.0494
Chris@239Chris.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,220,000 | $1,220,000 | $1,220,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.973% | 5.996% | 5.806% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,549 | $7,217 | $10,050 |
| Total Monthly Payment | $6,674 | $7,342 | $10,175 |
* 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.