1491 N Ocean Boulevard, Palm Beach, FL, 33480 | $205,000,000

Extraordinary, generational estate set on extremely rare 4+/- acres with 230' of direct ocean frontage. With gorgeous ocean views from all primary rooms the home has a natural flowing layout that graciously connects the main living areas while allowing for a relaxing and comfortable setting in the personal spaces. Interior highlights include 8BR/9. 2BA, hardwood flooring, fireplaces, library, and media room. Main estate with 6 bedrooms, 6 baths, and powder room. Guest cottage features 2BR/2. 1BA, living room, and kitchen. Fabulous beachfront cabana with living room, cabana bath, kitchen, and rooftop patio perfect for al fresco evenings under the stars. Thoughtful layout, well scaled voluminous rooms, and soaring ceilings crafted to an outstanding level

Features

  • Amenities: None
  • Bedrooms: 8
  • Baths: 9 full / 2 half
  • Style: Mediterranean
  • Year Built: 2005
  • Garage: 6.00
  • Heating: Central,Central Individual
  • Cooling: Central,Central Individual
  • Approx Sq. Feet: 14,496
  • Est. Taxes: $145,027
  • Lot Desc: 4 to < 5 Acres,East of US-1
  • View: Ocean
  • Water Front: Yes
  • Pool: Inground,Spa
  • Pet Policy: Yes
  • MLS#: RX-11140358
  • Website: https://www.raveis.com
    /eprop/RX-11140358/1491noceanboulevard_palmbeach_fl?source=qrflyer
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

The Best GroupSales Associates

508.237.5400

BestandThorp@Raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Frank MerolaVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1020051

508.740.5922

Frank.Merola@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Allen GellermanInsurance Sales Director, William Raveis Insurance

617.686.2668

Allen.Gellerman@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1491 N Ocean Boulevard, Palm Beach, FL, 33480

$205,000,000

The Best Group

Sales Associates

William Raveis Real Estate

Phone: 508.237.5400

BestandThorp@Raveis.com

Frank Merola

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 508.740.5922

Frank.Merola@raveis.com

NMLS Mortgage Loan Originator ID 1020051

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $164,000,000 $164,000,000 $164,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 5.875% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.154% 5.996% 5.932%
Monthly Tax Payment $12,086 $12,086 $12,086
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $931,174 $970,122 $1,361,873
Total Monthly Payment $943,385 $982,333 $1,374,084

* 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.