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Presented by
Jason Brown - The Bridge & Bay Group |
ATTENTION Primary Residents, Investors & Aquatic Enthusiasts! Prime location on the northern end of the Strip on Palm Beach & a brand-new dock! This corner co-op is on a premium line in a coveted building, which contains the largest floorplans, additional windows for fantastic natural lighting & cross-ventilation, along with the most private, oversized balconies. The unit is meticulously maintained & truly move-in ready, with Italian ceramic flooring throughout, a tankless water heater, updated countertops, stainless-steel appliances & crown molding. The Royal Saxon is an Intracoastal community with the unique luxuries of a private dock & dedicated ocean beach access. Bring your kayaks & paddleboards. Amenities include a heated saltwater pool, fitness room & lounge. The grounds are beautifully landscaped & doorman is on site 24 hours. Guest parking is ample. The unit comes with a separate storage locker. Reserves are 100% funded, Milestone Inspections are fully satisfied, there are no current assessments & the roof is 2024. The building recently installed a state-of-the-art water-cooled HVAC system. Just a few miles south of Mar-a-Lago. The Four Seasons & Acqua Cafe are across the street & the Lake Worth Pier is within walking distance, a great convenience for nightlife, dining & events. You have Benny's on the Beach & great sunrise & full moon yoga classes right on the pier. In season, there are farmers markets on Saturdays by the bridge. Hop across & be immediately in downtown Lake Worth, where LAKE AVE offers an array entertainment options & the town has a vibrant art culture, with annual festivals. A few miles to the north, WORTH AVE offers fine dining & luxury shopping. Just to the south are the Eau Resort & Plaza del Mar.
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Our Executive Mortgage Banker:
Our Insurance Division:
$487,000
Broker
William Raveis Real Estate
Phone: 401.480.5952
Jason.Brown@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $389,600 | $389,600 | $389,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.750% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.634% | 6.890% | 6.078% |
| Monthly Tax Payment | $382 | $382 | $382 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,399 | $2,527 | $3,261 |
| Total Monthly Payment | $2,856 | $2,984 | $3,718 |
* 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.