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ALBA Palm Beach - a collection of 55 luxury residences, ranging from 2 to 4 bedrooms, in a 22-story waterfront boutique building designed by Spina O'Rourke + Partners. It's the only new construction in West Palm Beach directly on the Intracoastal Waterway! Completion Spring 2026!! Our Lower Penthouse collection-a trophy offering within the building- features 6 exclusive luxurious homes with 180 degree views, 11ft ceilings and large, gracious terraces-2002 offers 2, 755 square feet of living space, featuring 3 bedrooms and 4 baths. It includes a 1500-square-foot glass-framed terrace with a summer kitchen and panoramic intracoastal/ocean/Palm Beach views. Interior features include large-format porcelain tile, Italkraft cabinetry, and a premium appliance package by Wolf & Sub-Zero. With 3 bedrooms + den and 4 bathrooms, this Lower Penthouse blends contemporary luxury, privacy, and breathtaking panoramas in every direction. Residents enjoy a private gated entry, private dock with boat slip access, and an impressive full-floor amenity levelfeaturing both sunrise and sunset pools for all-day enjoyment. Additional amenities include a luxurious spa, state-of-the-art TechnoGym® fitness center, yoga studio, and 24-hour valet, security, and concierge services. For entertaining and everyday convenience, Alba offers a private dining room with climate-controlled wine storage for each owner, a commercial catering kitchen, owners' conference room, multi-use business center, multi-sport simulator room, and a residents' lounge with unobstructed water views. Further conveniences include a staffed lobby, valet parking, covered garage with EV charging, climate-controlled private storage, package room, and outdoor leisure amenities such as a bocce ball court, lawn chess, and expansive sun decks. LPH 2002 delivers a rare combination of scale, luxury, and South Florida living at its finest.
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,950,000
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 | $5,560,000 | $5,560,000 | $5,560,000 |
| 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 | $4,167 | $4,167 | $4,167 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $33,335 | $34,234 | $46,918 |
| Total Monthly Payment | $37,627 | $38,526 | $51,210 |
* 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.