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Glorious Direct Ocean View!!! Watch the sun rise out of the ocean every morning while at night you'll marvel as the Moon ascends from the ocean on its nocturnal arc. . . all from your very own ocean front Paradise located in very, very desirable Highland Beach. Relax in the balmy ocean breeze of your own personal piece of Paradise by the Sea. Large, heated community pool is right on the ocean recently rebuilt into a custom modern ''Infinity'' pool featuring built in bench seating to comfortably immerse yourself while keeping your eye to the sea as your mind relaxes captivated by sounds of rolling seas as waves sweep ashore and ships sail across the horizon. This renovated 2/2 features high end granite kitchen with stainless steel appliances and renovated bathrooms (Click More) Glorious Direct Ocean View!!! Watch the sun rise out of the ocean every morning while at night you'll marvel as the Moon ascends from the ocean on its nocturnal arc. . . all from your very own ocean front Paradise located in very, very desirable Highland Beach. Relax in the balmy ocean breeze of your own personal piece of Paradise by the Sea. Large, heated community pool is right on the ocean recently rebuilt into a custom modern ''Infinity'' pool featuring built in bench seating to comfortably immerse yourself while keeping your eye to the sea as your mind relaxes captivated by sounds of rolling seas as waves sweep ashore and ships sail across the horizon. This recently renovated 2/2 features high end granite kitchen with stainless steel appliances and renovated bathrooms (Clickl More) marble flooring with carpeted bedrooms. All Hurricane Impact glass and doors. Balcony are unusually large (26 X 8) - suitable for entertaining or simply enjoying your own solace with the magical embrace of sea and shore that beckons right in front of you. Community Clubhouse was renovated several years ago and provides a large and comfortable party room with kitchen. The Manager is on site located in the clubhouse which also features a fitness area (with equipment), library, TV viewing space, billiards, and ping pong. Penthouse Towers has for a long time enjoyed its reputation as a "friendly building" and you will find the residents to be active, social and friendly. Social events "on site and off" are scheduled throughout the year with numerous opportunities to engage and make new friends. The location couldn't be better and more central to what you want to do. . . . go stroll a short ways down the Beach to nearby Delray Sands Resort for Breakfast, Lunch, Happy Hour and Fine Dining. Exciting downtown Delray Beach is just minutes away with its buzzing ''Atlantic Avenue'' social and entertainment scene featuring over 60 restaurants and night clubs. There is also Boca Raton's Exciting Social Scene in nearby and very chic Mizner Park with its high end shopping, fine dining and the treasured outdoor amphitheater venue for traveling name acts and entertainers. Local restaurants, pharmacies and grocery shopping are all within two to three miles including Whole Foods, Trader Joes, Fresh Foods, Publix and Walmart Neighborhood Grocery. Two local hospitals are both within 12 to 15 minutes drive and local First Responders are just a half mile away. Come live the life you've been dreaming of for too, too long. This unit features an expanded living room with nearly 100 SF more space than the typical units in this building, plus the balcony has more space. Milestone Safety Certification is complete. Repairs have been funded and nearing completion. The Structural Intergrty Reserve Study was completed last year and reserves are being funded.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $596,000 | $596,000 | $596,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $393 | $393 | $393 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,670 | $3,763 | $4,949 |
| Total Monthly Payment | $4,155 | $4,248 | $5,434 |
* 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.