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This is your opportunity to purchase one of the signature properties in The Bear's Club at a pre-construction, discounted price, and truly make it your own. Construction is set to commence in the coming weeks, and completion is scheduled for late summer of 2027. The design team, established almost a year ago, includes some of the area's finest builders, architects, landscape architects and interior designers - all working in concert to create a spectacular home of 15, 075 SF AC on 1. 47 acres. Located at the end of a cul-de-sac and overlooking the 4th hole on the Jack Nicklaus signature golf course, this property will set the bar in luxury for the Northern Palm Beaches. The first floor of the residence includes the primary suite, guest house, kitchen with scullery, great room, family room, casual dining area, formal dining room, club room with bar, theatre, study, laundry room, elevator, six-car garage plus two golf cart garage, golf simulator plus game room, and resort style pool with spa. The second floor is occupied by four additional suites, one serves as a second primary suite, large exercise room with glass wall that looks down into the great room, loft area, and secondary laundry room. Take advantage of months of planning and permitting and make the home your own by selecting your own colors, finishes, and details. This property will get more expensive over time, as the plan is to ask $65, 000, 000 for the estate upon completion.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
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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 | $39,920,000 | $39,920,000 | $39,920,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.350% | 6.361% | 6.183% |
| Monthly Tax Payment | $9,328 | $9,328 | $9,328 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $239,341 | $245,794 | $336,868 |
| Total Monthly Payment | $248,794 | $255,247 | $346,321 |
* 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.