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Welcome to the epitome of waterfront living in Ocean Ridge, just minutes south of iconic Palm Beach Island. This stunning two-story contemporary home offers the ultimate blend of design, comfort, and lifestyle. Ideally positioned on a deep-water canal with a 92-foot dock and just five minutes from the ocean, it's a dream setting for boating enthusiasts. Designed by acclaimed New York interior designer Joseph Stabile of JR Cattington Design, every detail of this five-bedroom, five-and-a-half-bath residence exudes elegance and sophistication. Each bedroom features its own en-suite bath, providing privacy and luxury for residents and guests alike. The expansive open floor plan flows seamlessly from the warm and inviting media room to the large, eat-in kitchen outfitted with a premium Thermador appliance package. The home's heart extends outdoors to a grand pergola, ideal for al fresco dining, complete with a full outdoor kitchen including a gas grill, large griddle, ice maker, refrigerator, and sink. Retreat to the serene primary suite, where your spa-like bathroom awaits featuring a steam shower, a soaking tub, and direct access to a private terrace overlooking the tranquil water. Impressive large walk-in closet, bathed in natural light and framed by water views, add to the suite's allure. Step outside to your lushly landscaped oasis, surrounded by verdant greenery and swaying palm trees. The heated pool and spa anchor a spacious patio built for entertaining under the Florida sun. The dock is complete with custom-built cleats, piles, whips and fenders that will accommodate a vessel up to 60 ft. This Ocean Ridge estate offers not just a home but a refined, relaxed lifestyle by the sea. Key Features: As a Harbor Island resident you will have access to the private McCormick Mile Beach Club which sits just moments away. Spend the day with your family enjoying the sand and surf, then return home to your gorgeous estate on the water. State of the art best in class full house water purification system Hurricane glass throughout the entire home along with steel roll -down shutters for added security and protection.
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$4,250,000
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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 | $3,400,000 | $3,400,000 | $3,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.046% | 5.846% | 5.700% |
| Monthly Tax Payment | $3,061 | $3,061 | $3,061 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $18,775 | $19,841 | $27,781 |
| Total Monthly Payment | $21,961 | $23,027 | $30,967 |
* 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.