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Introducing 1051 NE 2nd Terrace, Boca Raton, an architectural masterpiece poised to captivate the most discerning clientele. This project by Empire Development promises an unparalleled standard of ultra-luxury living. This exclusive new construction spans 6, 404 total square feet, meticulously designed to blend functionality with the epitome of luxury. Designed by the renowned Empire Development team, the floor plans showcase open concept living spaces adorned with floor to ceiling windows filling the interior with natural light, offering a grand entrance that emphasizes sleek design and meticulous craftsmanship. Key features of this opulent sanctuary include a state-of-the-art kitchen equipped with a natural gas Wolf range and Sub-Zero appliances. The residence comprises five luxuriously appointed bedrooms, each complemented by its own lavish ensuite bathroom. The primary suite is a haven of comfort, epitomizing luxury living at its finest equipped with a morning bar, sitting area and a private balcony. Porcelain tiles adorn the first level, providing a contemporary elegance, while white oak flooring adds warmth and sophistication to the second level. Extending the living space outdoors, the backyard oasis is an entertainer's dream, featuring a gourmet summer kitchen, an elegant al-fresco dining area, and a stunning pool with an integrated jacuzzi creating an atmosphere of serene relaxation and sophisticated outdoor living. Situated in downtown Boca Raton, 1051 NE 2nd Terrace offers an ideal location with close proximity to Mizner Park, Royal Palm Place, The Boca Raton Club, exquisite dining venues, and pristine beaches providing a lifestyle of unparalleled luxury and convenience. As with every Empire Development property, this estate provides downtown Boca Raton ultra-luxury living. Future residents can look forward to an unparalleled living experience that surpasses mere architecture, providing an ultra-luxurious lifestyle within the comfort of their own home. Seize this opportunity now; your future residence awaits. DISCLAIMER: The information herein is believed to accurate but not guaranteed and may be subject to errors, omissions, and changes without notice. All measurements, dimensions, room sizes and lot sizes are approximate. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information.
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
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$5,950,000
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 | $4,760,000 | $4,760,000 | $4,760,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.350% | 6.259% | 6.183% |
| Monthly Tax Payment | $1,791 | $1,791 | $1,791 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $28,539 | $28,922 | $40,168 |
| Total Monthly Payment | $30,455 | $30,838 | $42,084 |
* 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.