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Coastal Luxury Living at its Finest - Just Steps from the Beach Nestled in the prestigious Estate Section, 1701 Cocoanut Road offers the quintessential seaside retreat only 100 yards from private beach access. This exquisite one-story residence blends timeless elegance with modern luxury, featuring 4 spacious bedrooms, 4. 5 baths, and a thoughtfully designed split-bedroom layout that maximizes privacy and comfort. The reimagined primary suite is a true sanctuary, boasting a custom walk-in closet with barn door entry, expansive cabinetry, and a luxurious en-suite bath complete with a full-length vanity wall, vessel tub, walk-in shower with bench seating, and a private water closet. At the heart of the home lies an entertainer's dream kitchen, showcasing a massive island with seating or 7/8, a premium gas cooktop, and a suite of ultra high-end appliances designed to delight any chef. The open-concept design seamlessly flows into the main living areas, where walls of sliding glass doors invite you into the lush, resort-style backyard. Experience unparalleled outdoor living with two expansive covered patios, a full bar, and a custom outdoor kitchen ideal for hosting unforgettable gatherings. The heated, fully upgraded pool shines with a resurfaced interior, new components, lighting, spa jets, and thoughtfully added steps and benches, all set amidst professionally landscaped grounds illuminated by evening uplighting and dropdown phantom screens. Spanning an impressive 1/3-acre lot (100 x 150), this home is built to the highest standards of structural integrity, featuring impact glass, replaced all wiring in house, new main AC unit and new HVAC ductwork, a durable flat tile roof, and the peace of mind provided by a whole-home 21kW Generac natural gas generator. 1701 Cocoanut Road is more than a home it's the coastal lifestyle you've always dreamed of.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
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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 | $2,956,000 | $2,956,000 | $2,956,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.750% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 5.858% | 5.787% |
| Monthly Tax Payment | $1,710 | $1,710 | $1,710 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $16,323 | $17,250 | $24,350 |
| Total Monthly Payment | $18,158 | $19,085 | $26,185 |
* 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.