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Designed by local architect Joel Adrian of Studio 291, and built by Rhodes Residential Builders, 1727 Atlantic Avenue is second row on the southern end of the island, in a quiet area between Stations 17 and 18 adjacent to the beach path. This home is a just a short walk to the beach. Features include Custom cabinets, high-end appliances, standing seam metal roof, natural stone countertops, designer tile, wood plank floors, designer lighting, and large outdoor porch over looking the pool. . An inviting entry leads to a custom kitchen/dining area with large island, with a wet bar. There is also a pantry just off the kitchen. The living room is located toward the ocean side of the house, which includes a fireplace with built-ins. The primary bedroom suite is located on the main level, and includes vaulted ceilings, a soaking tub, massive shower and a large walk-in closet; with washer/dryer connections within the suite. A guest suite, including en suite bath and custom closet is at the front of the house and could be used as an office. From the living area, open the sliding glass doors to bring the outside in. A porch overlooks a rectangular pool, with outdoor living and seating areas underneath poolside, with fireplace. At the top of the stairs on the second floor, there is a den/lounge area, perfect for relaxing. The laundry room is just to the right of this sitting area and there are three bedrooms with ensuite baths and spacious closets.
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Our Executive Mortgage Banker:
$7,150,000
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
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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 | $5,720,000 | $5,720,000 | $5,720,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.349% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $34,294 | $35,219 | $48,269 |
| Total Monthly Payment | $34,419 | $35,344 | $48,394 |
* 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.