5809 Monterra Club Drive, Lake Worth, FL, 33463 | $425,000

Colony Reserve Townhomes offer phenomenal features, delivering exceptional value and an outstanding lifestyle choice in South Florida. This desirable corner-unit townhome showcases an open floor plan with a spacious, airy feel. Tile flooring extends throughout the main level, while carpeted stairs lead to the upper level finished with luxury vinyl plank flooring. All three bedrooms are located upstairs, providing privacy and a functional separation from the main living areas. The spacious primary suite is thoughtfully designed and features walk-in closets along with a well-appointed ensuite bath offering dual sinks, a separate soaking tub, and a walk-in shower. The open-concept kitchen is enhanced by stainless steel appliances, granite countertops, and beautiful wood cabinetry, seamlessly connecting to the living and dining areas. An open back patio further expands the living space, creating the perfect setting for outdoor relaxation. Additional highlights include a one-car garage and a paver driveway accommodating parking for two vehicles. The gated Colony Reserve community is amenity-rich and impressively designed, featuring street lighting, sidewalks, and custom landscaping throughout. Residents enjoy a stunning lakefront clubhouse with a professionally equipped gym, card room, great room, and warming kitchen for special events. Resort-style amenities include a heated lakefront pool and spa, children's play area, large tot-lot, basketball court, and a scenic promenade with gazebos, fountains, benches, trellises, and sweeping lake views. A floating dock with paddle boats and a picturesque walking trail surround the 4-acre lake, completing this resort-inspired lifestyle.

Features

  • Amenities: Basketball Court, Clubhouse, Fitness Center, Game Room, Park, Playground, Pool, Spa/Hot Tub, Trail(s), Community Room, Sidewalks, Street Lights
  • Rooms: 4
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Laundry: Inside, Washer Hookup, Dryer Hookup
  • Year Built: 2017
  • Garage: 1-car Attached
  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Approx Sq. Feet: 1,622
  • Acreage: 0.06
  • Est. Taxes: $4,235
  • HOA Fee: $245 Monthly
  • Lot Desc: Corner Lot, Many Trees, Sidewalks
  • View: Garden
  • Elem. School: Indian Pines
  • Middle School: Tradewinds
  • High School: Santaluces
  • Pet Policy: Yes, Breed Restrictions, Number Limit
  • Appliances: Electric Water Heater, Dishwasher, Electric Range, Microwave, Refrigerator, Water Heater, Washer
  • MLS#: R11159128
  • Website: https://www.raveis.com
    /prop/R11159128/5809monterraclubdrive_lakeworth_fl?source=qrflyer
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William Raveis Family of Services

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888.699.8876

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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305.922.5393

Pedro.Delgadillo@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
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

5809 Monterra Club Drive, Lake Worth, FL, 33463

$425,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $340,000 $340,000 $340,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.500% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.230% 6.650% 5.866%
Monthly Tax Payment $353 $353 $353
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,066 $2,149 $2,801
Total Monthly Payment $2,494 $2,577 $3,229

* 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.