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Experience waterfront living at its finest in this beautifully reimagined custom estate in Tropic Isle South, one of Boca Raton's most exclusive gated enclaves. Perfectly positioned on a rare double waterfront lot with 300 feet of deepwater frontage- 150 feet on each side of the property- and including a brand new seawall on the north side, this residence captures sweeping and grand canal views from every room. Currently undergoing a full interior and exterior renovation and expected to be completed by April, this home will feature a brand-new designer kitchen with dual islands, a walk-in pantry, and top-of-the-line Wolf and Sub-Zero appliances, creating the ultimate culinary haven. The impressive open layout is complemented with all new Hurricane impact windows and sliders, soaring ceilings and custom architectural details that flood the interiors with natural light. Each of the 4 spacious bedrooms is en-suite, complete with its own private bath and closet. The home offers two luxurious primary suites--one on the main level and another upstairs--ideal for multi-generational living or guest accommodations. Step outside to enjoy extensive outdoor living spaces, including a covered patio, a fully equipped summer kitchen, two covered balconies, and a gazebo overlooking the water. A 3-car garage provides ample parking and storage, perfectly complementing the home's thoughtful design and functionality. Located minutes from vibrant dining and shopping in Downtown Boca Raton and Delray Beach, this one-of-a-kind property offers the best of South Florida's luxury living. Expected completion April of this year.
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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 | $6,680,000 | $6,680,000 | $6,680,000 |
| 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 | 6.300% | 6.247% | 6.183% |
| Monthly Tax Payment | $6,094 | $6,094 | $6,094 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $39,515 | $40,588 | $56,370 |
| Total Monthly Payment | $45,734 | $46,807 | $62,589 |
* 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.