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DIRECT, UNOBSTRUCTED PANORAMIC OCEANFRONT, Serene Retreat: Experience true beachfront lifestyle in this exquisite, Southeast Corner, DIRECT ocean facing, 3 bedroom/2. 5 bath condo directly on the sand in prestigious Highland Beach. Relax as soon as you step into this lower penthouse residence, with sweeping, calming views of the Atlantic Ocean from every room and balcony. Wake up to the serenity of gently breaking waves and stunning sunrises. Segue into tranquil moonlit ocean nights with enchanting twinkling city lights and sunset views, west. Put on your flip flops and saunter down to your exclusive beach—for relaxed sunbathing and swimming or for evening moonlit strolls. This enticing condo is airy, light, and bright. It features new AC and water heater, seamless flow between living, dining, and kitchen areas, with casual, kitchen-bar and bistro-style seating as well as more formal dining for 8-10. . . and endless, magnetic ocean views & sounds. The spacious primary suite has its own "Juliet" balcony for private reflective moments, a large en-suite bathroom, and his/hers walk-in closets with fully-mirrored dressing area. Two more ocean-facing bedrooms each have their own special touches with large shared Jack-and-Jill bathroom. There is an additional half bath/powder room adjacent. Hurricane-impact windows and doors. 2 deeded prime-location, covered & gated parking spaces. Savor morning coffee or evening cocktails on your private oceanfront balcony, lounge at the resort-style pool or on your exclusive beach, or take a 5 minute stroll along the water's edge to the Delray Sands Hotel oceanfront Latitudes Bar and Fine Dining Restaurant. This boutique condo community offers a host of other amenities, including a fully, well-equipped, fitness center suitable for general wellness to elite performance, doormen, 24-hour high-tech keyless access system, private beach access with building-exclusive chairs and loungers, new beach shower area, car wash area, sauna, ev plug access, club room, individual, secured storage areas for each condo, PET FRIENDLY, AND ABLE TO BE RENTED IMMEDIATELY. Ocean Terrace North has completed its multi-million dollar concrete restoration and has many renovated interior and exterior features. Additionally, Milestone Phase 1 work is completed and Structural Integrity Reserve Study (SIRS) work is up to date. Ocean Terrace North is perfectly situated on the sand and with easy access to Boca Raton, Delray Beach, Ft. Lauderdale and Palm Beach dining, shopping, entertainment options, and international airports. This is the perfect opportunity to own your own exclusive piece of paradise without compromise. Don't miss out on this rare oceanfront gem!
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$1,485,000
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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 | $1,188,000 | $1,188,000 | $1,188,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.110% | 6.097% |
| Monthly Tax Payment | $935 | $935 | $935 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,933 | $7,123 | $9,945 |
| Total Monthly Payment | $7,993 | $8,183 | $11,005 |
* 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.