701 E Camino Real, #2-J, Boca Raton, FL, 33432 | $1,985,000

Welcome to Boca Inlet--Situated just steps from The Boca Raton Resort and the Ocean. This northwest-facing 2-bedroom, 2. 5 -bath corner condo offers sweeping, unobstructed views of the Intracoastal Waterway, Lake Boca, and the iconic Boca Raton Resort. Enjoy breathtaking sunsets and watch the boats pass by from your expansive glass balcony--truly resort-style living every day. The light-filled, open layout features spacious living and dining area, well-proportioned bedrooms, generous storage, covered parking, and a private storage locker. Offered turn-key, this residence is ideal as a primary home, seasonal getaway, or weekend retreat. New white oak flooring, Ethan Allen Living room Furniture, Century dining set and stools, Bose Speaker system in Living areas, Schonbak flush lighting, Sub-Zero Refrigerator and high-end appliances. Boca Inlet has recently completed extensive renovations, including a redesigned modern lobby, updated hallways, and an elegant circular drive with fountain entry. Residents enjoy 24-hour security, on-site management, a heated waterfront pool overlooking Lake Boca, BBQ and picnic areas along the inlet, a lounge and card room with updated kitchen, bike storage, marina with boat slips (when available), and a fitness center coming soon. The building is financially strong, with fully funded reserves and no planned assessments. Steps from The Boca Raton Resort and the Ocean, and just moments from South Inlet Park, Mizner Park, and Royal Palm Plaza, this is true walk-to-everything coastal living at its finest. Service and emotional support animals with proper documentation are allowed. A rare opportunity to own premier waterfront property in the heart of Boca Raton. Offered Turnkey with a few exceptions: items that do not convey will be presented at time of offer.

Features

  • Parking: Assigned, Detached Carport, Guest
  • Heating: Central, Electric
  • Cooling: Central Air, Electric
  • Levels: 12
  • Amenities: Clubhouse, Elevator(s), Picnic Area, Storage, Manager On Site, Trash Chute, Bike Storage, Community Room, Internet Included, Sidewalks
  • Rooms: 6
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Laundry: Inside
  • Complex: BOCA INLET CONDO
  • Year Built: 1965
  • Common Charge: $2,142 Monthly
  • Approx Sq. Feet: 1,616
  • Est. Taxes: $21,061
  • Lot Desc: Sidewalks
  • View: Intracoastal, Lake
  • Water Front: Yes
  • Elem. School: Boca Raton
  • Middle School: Boca Raton Community
  • High School: Boca Raton
  • Pet Policy: Yes, Pet Restrictions Possible
  • Appliances: Electric Water Heater, Dryer, Disposal, Dishwasher, Electric Range, Microwave, Refrigerator, Water Heater, Washer
  • MLS#: R11168699
  • Website: https://www.raveis.com
    /prop/R11168699/701ecaminoreal_bocaraton_fl?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

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701 E Camino Real, #2-J, Boca Raton, FL, 33432

$1,985,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,588,000 $1,588,000 $1,588,000
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 6.362% 6.349% 6.183%
Monthly Tax Payment $1,755 $1,755 $1,755
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,521 $9,778 $13,400
Total Monthly Payment $11,401 $11,658 $15,280

* 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.