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London Bay is pleased to present an exceptional estate located in the prestigious community of Port Royal, renowned for its luxurious waterfront living with direct access to the Gulf. This custom-designed residence encompasses an impressive 9, 059 square feet and exhibits sophisticated contemporary architecture by Stofft Cooney Architects. The property comes fully furnished by Romanza Interior Design and features luxurious finishes and details throughout. Designed for optimal entertaining, this estate includes a formal dining room complemented by a wine bar, a club room, two dedicated studies, and a chef’s kitchen, which is further enhanced by a fully-equipped prep kitchen. The architectural design incorporates expansive glass walls that facilitate a seamless connection between indoor and outdoor living environments, leading to meticulously curated exterior spaces that feature a custom 63-foot pool and spa, an outdoor fireplace, and a fully equipped outdoor kitchen, all set within exquisite landscaping. The second level of the residence consists of an exercise room and a lounge that provides access to a balcony, in addition to private guest quarters, which include a luxurious VIP suite. The primary suite serves as a tranquil retreat, complete with dual walk-in closets and a spa-like bathroom that showcases high-end materials and fixtures. Additional practical features of the residence consist of laundry rooms on each floor, elevator and generator. This remarkable property is strategically situated mere moments away from the Port Royal Club and the vibrant shopping and dining options found on Third Street South and Fifth Avenue South, thus supporting a refined coastal lifestyle that adheres to the highest standards of luxury living. Completion is expected in May. Photos in this listing have been virtually rendered.
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Our Executive Mortgage Banker:
Our Insurance Division:
$36,000,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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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 | $28,800,000 | $28,800,000 | $28,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.375% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.399% | 6.475% | 6.309% |
| Monthly Tax Payment | $7,052 | $7,052 | $7,052 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $174,992 | $179,675 | $244,980 |
| Total Monthly Payment | $182,169 | $186,852 | $252,157 |
* 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.