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Tucked away in the Town of Ocean Ridge, Florida, one of South Florida's best-kept coastal secrets, this exceptional condominium offers a rare opportunity to experience beachside living the way it was meant to be. Ocean Ridge is a charming seaside town known for its peaceful atmosphere, its own dedicated police force, and a strong sense of community—often described as a true taste of Old Florida, where life moves at a calmer, more refined pace. Perfectly positioned between the Intracoastal Waterway and the Atlantic Ocean, this beautifully maintained residence is located in the intimate Ridge Homes Condominium, a boutique community of just 10 units. Designed for those seeking tranquility and privacy, the 55+ community offers a relaxed coastal lifestyle with lush surroundings and a serene community pool. The condo is move-in ready and thoughtfully designed, featuring two bedrooms and two and a half bathrooms, tile flooring on the first level, and complete impact windows and doors for peace of mind. A private back patio provides a quiet outdoor retreat, while residents enjoy access to a day dock just steps away perfect for soaking in the Intracoastal views. Best of all, the property offers the ultimate beachside convenience with direct beach access across the street, allowing you to go from your front door to the sand in moments. Whether you're enjoying sunrise walks along the beach, afternoons by the pool, or quiet evenings in this tranquil coastal enclave, this Ocean Ridge condominium delivers an exceptional lifestyle in a town that truly feels like a hidden gem.
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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 | $436,000 | $436,000 | $436,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.292% | 5.628% |
| Monthly Tax Payment | $545 | $545 | $545 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,510 | $2,649 | $3,534 |
| Total Monthly Payment | $3,146 | $3,285 | $4,170 |
* 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.