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Location:
East Royal Palm Road, Boca Raton, Florida: Brand-new three-tower, nine-floor Royal Palm Residences, with just two ultra-luxurious residences on each floor, is located in the heart of Downtown Boca Raton adjacent to the prestigious resort, The Boca Raton, and directly across from Silver Palm Park on the Intracoastal Waterway. Boca's gorgeous beaches are within a few blocks, with Mizner Park and Royal Palm Place's fine dining and shopping just minutes away. White-glove services at Royal Palm Residences include a concierge and valet. PROPERTY:
For the ultimate Downtown Boca Raton luxury lifestyle, residents of Royal Palm Residences enjoy a modern wellness plaza that combines a beautifully appointed lobby with quiet meeting areas, a state-of-the-art fitness center, tranquility pool with day beds, relaxation spa, lounge and wine cellar.
RESIDENCE:
Conveying an elegant beach-chic sensibility, this spacious condominium residence on the sixth floor of the brand-new Royal Palm Residences in Downtown Boca Raton lives like a lofty intown aerie, with expansive window walls of impact glass framing 270-degree panoramas to the north, south and west, spanning the ocean, the Intracoastal and the city skyline. Generous with 2, 634± total square feet, the three-bedroom plus den residence is introduced via an elevator that opens directly into the foyer for maximum privacy. The living and dining areas adjoin the chef's kitchen in an open-concept great room plan, creating the perfect setting for hosting gracious dinner parties as well as informal family gatherings. Bathed in soft sunlight and featuring a clean contemporary aesthetic, the spacious great room opens to a south-facing balcony that offers a mesmerizing long view over a canopy of trees to the golf-course fairways of five-star resort, The Boca Raton. Ideal for relaxed entertaining and alfresco dining, a Wolf gas grill on the balcony elevates seamless indoor/outdoor living. The chef's-kitchen is a study of refined utility, beautifully appointed with Italian cabinetry, quart countertops and high-end Wolf and SubZero appliances that include a gas cooktop and a wine fridge. The thoughtful split-bedroom plan places the primary suite separately for privacy. A serene retreat accessed from the great room, the bedroom features a window wall of glass overlooking treetops and the golf course, while completing the suite are a double-sized walk-in closet and a luxurious bathroom with dual sinks and a spa-like glass-enclosed wet room with a soaking tub and shower. On the other side of the residence, the den / family room adjoins two inviting ensuite guest bedrooms that share a city-skyline-view balcony, ideal for visiting guests, children and teens, or flexible as an office or media room. Conveniences include a half-bath and a laundry room, and coming with this residence is garage parking for three cars. A sunlit haven that effortlessly balances downtown activities and amenities with seaside serenity, this residence offers a polished, relaxed lifestyle, sure to please.
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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 | $1,916,000 | $1,916,000 | $1,916,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.259% | 6.203% |
| Monthly Tax Payment | $3,056 | $3,056 | $3,056 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,181 | $11,642 | $16,168 |
| Total Monthly Payment | $14,362 | $14,823 | $19,349 |
* 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.