669 NE Plantation Road, #405, Stuart, FL, 34996 | $875,000

THE VI?W FR?M TH? T?P on ?utchinson Island B?a?h - Ocean Terrace at Indian River Plantation. This bright, sunny 2BR penthouse looks out to sea over the pool deck and your secure beach gate. Only 32 units, Ocean Terrace has just completed a 2 year full-building rehab, and has passed all Milestone and SIRS exams with flying colors. Enter unit #405 from the A/C lobby, above your covered parking, and enjoy the comfort and protection of a 2023 installation of the latest whole-house impact glass system. If you desire rental income, #405 has been a good earner for over 20 years. Sold fully furnished and pre-booked for winter 2026. Owners may also enjoy the Marriott's Ocean Club, a fun option for family golf/tennis/pickleball and beach club living. Low-rise, low-density living on the beach is the best way to enjoy Hutchinson Island. Easy to see, just call. . .

Features

  • Parking: 1-car
  • Heating: Central,Individual
  • Cooling: Central Air
  • Levels: 4
  • Amenities: Elevator(s)Barbecue,Beach,Bicycle Storage,Club Membership Available,Elevator,Marina,Non-Gated,Park,Pool,Storage Facilities,Street Lights,Trash Chute
  • Rooms: 3
  • Bedrooms: 2
  • Baths: 2 full
  • Complex: Ocean Terrace Ph 01 Condo Irp
  • Year Built: 1981
  • Common Charge: $1,225
  • Approx Sq. Feet: 1,460
  • Acreage: 1.64
  • Est. Taxes: $8,777
  • View: Ocean
  • Water Front: Yes
  • Pets Allowed: Yes
  • Pet Policy: Number Limit,Size Limit,Yes
  • MLS#: M20051042
  • Days on Market: 206 days
  • Website: https://www.raveis.com
    /prop/M20051042/669neplantationroad_stuart_fl?source=qrflyer
The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor® Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than William Raveis Real Estate are marked with the IDX logo or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.

Room Information

Type DimensionsLevel
Bedroom1 12.0 x 18.0Main
Bedroom2 14.0 x 12.0Main
LivingRoom 16.0 x 24.0Main

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.

Lisa K. DollingerLicensed Real Estate Salesperson

914.907.1570

Lisa.Dollinger@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
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  • 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.

Brian ShahwanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2166562

302.293.7433

Brian.Shahwan@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

Ryan FortierInsurance Sales Director, William Raveis Insurance

516.739.7731

Ryan.Fortier@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

669 NE Plantation Road, #405, Stuart, FL, 34996

$875,000

Lisa K. Dollinger

Licensed Real Estate Salesperson

William Raveis Real Estate

Phone: 914.907.1570

Lisa.Dollinger@raveis.com

Brian Shahwan

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 302.293.7433

Brian.Shahwan@raveis.com

NMLS Mortgage Loan Originator ID 2166562

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $700,000 $700,000 $700,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.000% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.229% 6.121% 6.018%
Monthly Tax Payment $731 $731 $731
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,975 $4,197 $5,860
Total Monthly Payment $4,798 $5,020 $6,683

* 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.