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Situated on 5 acres within the gates of Palm Beach Point, this private end of street location with stunning landscape offers a rare combination of residential comfort & professional training facilities. This 4Br estate homes with an office features spacious entertaining areas, a detached cabana studio with full bath & 3-car garage. The income producing equestrian amenities include a 13-stall stable built in 2014 with 2 wash racks, 9 paddocks, and a 125' x 200' riding arena. Three apartments, totaling 7 bedrooms, provide next level accommodations for staff. Additional features include: new impact windows & doors, 50 year metal roof, covered treadmill area, RO water treatment system and ringside covered-patio viewing area. This meticulously maintained home is a great canvas to make your own PRIMARY RESIDENCE: 4 Bedrooms in main residence, plus a detached poolside 330 sq. ft. studio apt. with full bath. Cabana bathroom with shower 2024 All new impact windows & doors New Roof in 2006 - 50-year metal with tile look (house, barn & apartments). Mahogany built-ins Central vacuum 3 Car garage with mini-split A/C 4 A/C units/zones: 1) primary bedroom, 2) 3 guest rooms, 3) Kitchen & family 4) office, dining room, formal living. KITCHEN: Mahogany cabinets Glass cooktop Prep sink Wall oven Microwave/convection combo Kitchen Aid warming drawer Two dishwashers Trash Compactor Walk-in Pantry FAMILY ROOM: Cedar built-in Wet-bar with sink, wine cooler & ice maker ATTACHED STUDIO: Kitchenette with new cooktop 1 full bathroom with tub New vinyl flooring Generator hook up: runs the essentials: 1 A/C and Refrigerator. POOL & PATIO: Waterfall, chlorine, plumbed for heater. Propane tank for gas pool heater BBQ & bar area: with exhaust hood & sink New pool pump 2021 Separate pump for front entry fountain The Stables: Built in 2014 12 - 12' X 12 Stalls 1 - 15' X 12' Stall Water to each stall Hurricane Roll Down Doors Laundry, Feed, Tack & Storage Rooms 1/2 Bath in stable Covered Treadmill Area 3 APARTMENTS: 1 Studio Apartment or Lounge - Ground Level - 559 sq. ft. 4 Bedrooms / 3 Bathrooms - 1, 426 sq. ft. 2 Bedroom with Jack & Jill bath - 700 sq. ft. Total square feet of barn apartments: 2, 685 sq. ft. Irrigation source is from the canal with a separate arena pump from canal. Kinetico RO Water Treatment System: supplies the house & barn - replaced approx. 2017/2018.
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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 | $5,160,000 | $5,160,000 | $5,160,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.277% | 6.223% | 6.183% |
| Monthly Tax Payment | $5,392 | $5,392 | $5,392 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $30,523 | $31,353 | $43,543 |
| Total Monthly Payment | $36,040 | $36,870 | $49,060 |
* 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.