2780 S Ocean Boulevard, #707, Palm Beach, FL, 33480 | $495,000

Experience the pinnacle of Palm Beach living in this spectacular oceanfront residence at the iconic Ambassador II. Perfectly positioned on the 7th floor, Unit 707 offers an unrivaled lifestyle directly adjacent to the world-renowned Four Seasons Resort. This meticulously maintained 1-bedroom, 1-bathroom condo boasts breathtaking, unobstructed views of the Atlantic Ocean and features an open, sun-drenched floor plan designed for coastal elegance. Originally envisioned by the acclaimed architect Gene Lawrence, this building is celebrated for its unique architectural design that maximizes coastal vistas from every angle captures that design excellence, offering a sophisticated sanctuary. The Ambassador II is a premier, full-service building providing residents with 24/7 security, a heated oceanfront pool, a modern fitness center, and a social room. Its "AAA" location puts you mere steps from five-star dining and spa services, and just minutes from the legendary luxury shopping of Worth Avenue and the acclaimed Palm Beach Par 3 Golf Course. Significant building upgrades, including high-impact glass for the unit and recently refreshed common areas, make this one of the best values on the island. Offering unique flexibility, this property is also eligible for leasing 3-6 months once a year, making it an ideal choice for a primary retreat or a seasonal getaway.

Features

  • Parking: Assigned, Guest
  • Heating: Central
  • Cooling: Central Air
  • Levels: 8
  • Amenities: Elevator(s), Fitness Center, Game Room, Laundry, Pool, Sauna, Storage, Manager On Site, Trash Chute, Bike Storage, Community Room, Lobby
  • Rooms: 4
  • Bedrooms: 1
  • Baths: 1 full
  • Complex: AMBASSADOR II
  • Year Built: 1968
  • Common Charge: $1,804 Monthly
  • Approx Sq. Feet: 841
  • Est. Taxes: $7,402
  • View: Intracoastal, Ocean
  • Water Front: Yes
  • Pet Policy: No
  • Appliances: Electric Water Heater, Disposal, Dishwasher, Electric Range, Microwave, Refrigerator, Water Heater
  • MLS#: RX-11154617
  • Website: https://www.raveis.com
    /prop/RX-11154617/2780soceanboulevard_palmbeach_fl?source=qrflyer
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.

William Raveis Family of Services

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.

ALB Homes TeamSales Associates

203.332.4415

ALBhomes@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.

Jorge L RiveraVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 12303

203.913.1633

Jorge.Rivera@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeInsurance Sales Director, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

2780 S Ocean Boulevard, #707, Palm Beach, FL, 33480

$495,000

ALB Homes Team

Sales Associates

William Raveis Real Estate

Phone: 203.332.4415

ALBhomes@raveis.com

Jorge L Rivera

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.913.1633

Jorge.Rivera@Raveis.com

NMLS Mortgage Loan Originator ID 12303

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $396,000 $396,000 $396,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.000% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.258% 6.178% 5.628%
Monthly Tax Payment $617 $617 $617
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,280 $2,374 $3,209
Total Monthly Payment $2,972 $3,066 $3,901

* 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.