|
Welcome to Grove Estates — Downtown Delray's Only Gated Single-Family Home Community. Introducing the Oasis at Grove Estates built by award winning Azure Development —a new standard of luxury living in Delray Beach within true walking distance to Atlantic Ave. This brand-new, modern residence on a 9, 800+sf corner lot offers 5 bedrooms, 5 full bathrooms, 2 powder rooms, a large flexible club room with bar, and over 5, 400sf of expertly crafted living space. Designed with clean lines, soaring ceilings, and expansive 12' floor to ceiling windows, this home is bathed in natural light and built for seamless indoor-outdoor living. Covered lanai with summer kitchen and views of the pool, with sunshelf & spa from all rooms. Designed by celebrated architect Randall Stofft and curated by Czar Interiors, the Oasis spans 5, 429 square feet of air-conditioned living with over 6, 600 total square feet of resort-style space. Soaring 12-foot floor-to-ceiling glass windows invite light and lush greenery into every corner of the home, creating a seamless connection to the outdoors. The dramatic floating staircase with glass railings and private elevator offer both modern flair and convenience, while the thoughtful layout effortlessly blends entertaining and everyday living. The gourmet kitchen is a chef's dream, outfitted with professional-grade Wolf and Sub-Zero appliances, custom 12-foot cabinetry, and a hidden butler's pantry. Adjacent to the kitchen, an expansive club room offers full front and back bars and pocketing glass doors that open completely to the outdoors, perfect for hosting or relaxing in style. Step outside into your own private oasis with an oversized saltwater pool, spa and sun shelf surrounded by dense, tropical landscaping for total privacy. The covered outdoor living area features a full summer kitchen, wood-clad ceilings, and concealed retractable screens, allowing for effortless indoor-outdoor entertaining no matter the season. Upstairs, expansive balconies with glass railings overlook the lush central green, a landscaped park exclusive to Grove Estates, ideal for peaceful walks, yoga, or simply taking in the tranquility. Upstairs, four spacious bedrooms include a luxurious VIP suite and a stunning primary retreat, each designed with custom finishes and spa-like bathrooms. The 5th bedroom can be optioned to an office. A three-car garage, solid steel and concrete second-floor construction, natural gas fireplace, and designer fixtures round out this exceptionally built home that merges quality with artistry at every turn. With unmatched design, privacy, and a location just steps from the energy of downtown Delray, this is your opportunity to claim one of the most exclusive addresses in South Florida. There are only 4 of the 9 homes remaining in Grove Estates. ***Photos of this home are of 305 Grove Pl, also an Oasis Modern that sold & is being used as a furnished Model, which is available to tour. 340 Grove Pl delivery 2027***
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$5,000,000
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $4,000,000 | $4,000,000 | $4,000,000 |
| 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 | $525 | $525 | $525 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $22,088 | $23,343 | $32,683 |
| Total Monthly Payment | $22,738 | $23,993 | $33,333 |
* 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.