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1325 NE 16th Ter | Lake Ridge | Fort LauderdaleBrand-new construction coming soon to the rapidly evolving Lake Ridge neighborhood of Fort Lauderdale. Permits were approved on March 11, with construction beginning shortly and estimated completion in approximately 11 months. This thoughtfully designed residence will boast 3460 sqft underair 4 bedrooms and 4. 5 bathrooms, including a full bedroom and private bathroom on the first floor, ideal for guests or flexible living. The home will showcase high-end finishes and modern architectural design, featuring open living spaces, large windows for natural light, and carefully selected luxury materials throughout. Buyers who secure the home early will have the opportunity to work with the developer to select certain finishes and design elements, allowing for a personalized touch while maintaining the home’s elevated design. Located across the street from a new development of 10 modern duplex residences by the same developer, with two additional single-family homes planned side-by-side. In total, over 13 new construction projects are underway on this street for 2026, highlighting the strong growth and transformation of the area. Conveniently located just minutes from Las Olas, downtown Fort Lauderdale, the beaches, shopping, and dining. Estimated completion: approximately 11 months from permit approval.
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Our Executive Mortgage Banker:
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$2,500,000
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 | $2,000,000 | $2,000,000 | $2,000,000 |
| 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 | 6.326% | 6.361% | 6.183% |
| Monthly Tax Payment | $630 | $630 | $630 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,991 | $12,314 | $16,877 |
| Total Monthly Payment | $12,746 | $13,069 | $17,632 |
* 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.