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Presented by
ALB Homes Team |
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.
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$495,000
Sales Associates
William Raveis Real Estate
Phone: 203.332.4415
ALBhomes@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.913.1633
Jorge.Rivera@Raveis.com
NMLS Mortgage Loan Originator ID 12303
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| 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.