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An exceptional opportunity to create your custom coastal retreat in the heart of Boca Raton. This brand-new construction in highly sought-after Por La Mar is in the early design phase, offering a rare chance to personalize finishes and architectural details. Crafted by Colin Builders on a 7, 900-square-foot lot just one block from the beach, the two-story design will feature 10-foot windows and doors, a dramatic floating staircase, large-format wood plank flooring, and a chef's kitchen appointed with Sub-Zero and Wolf appliances--blending modern luxury with timeless sophistication. Additional highlights include a Sharp microwave, Cove dishwasher, and Kohler plumbing fixtures throughout. LED ceiling treatments illuminate the first floor and primary suite, enhancing the home's clean architectural lines. The expansive lot is framed by mature palms and two striking gumbo limbo trees, creating a lush tropical setting ideal for a future pool and outdoor entertaining. With limited new construction opportunities in Por La Mar, this is a rare chance to secure a premier East Boca address and shape a home that reflects your vision from the ground up.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,500,000
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 | $4,400,000 | $4,400,000 | $4,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.110% | 6.097% |
| Monthly Tax Payment | $1,697 | $1,697 | $1,697 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $25,677 | $26,380 | $36,833 |
| Total Monthly Payment | $27,499 | $28,202 | $38,655 |
* 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.