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Located just steps from the ocean in the highly sought-after Terra Mar neighborhood, this beautifully appointed 3-bedroom, 3-bathroom home with office and family room offers the ultimate barrier island lifestyle. Situated on a large corner lot with lush, mature landscaping, the property features nearly 3, 000 square feet under air and multiple indoor and outdoor living spaces designed for both relaxation and entertaining. Inside, a spacious and inviting layout unfolds with a generous kitchen and dining area that serves as the heart of the home, ideal for hosting gatherings. The thoughtful floor plan includes a dedicated office and separate family room, providing flexibility for work, guests, or additional living space. Outdoor living is a standout feature, with a modern saltwater pool complete with a water feature and travertine pool deck, creating a private resort-style setting. A fully equipped tiki hut with electricity including lighting, fan, and TV, enhances the backyard experience, while a front courtyard and multiple seating areas offer additional spaces to unwind. Enjoy the convenience of a true coastal lifestyle, Terra Mar Island is a gated waterfront community of approximately 140 single-family homes, located right off A1A. The surrounding area features sidewalks throughout, making it easy to walk or bike to the beach or into Lauderdale-by-the-Sea for restaurants, shops, and nightlife. With only one way in and out, traffic stays light and the community maintains a quiet, residential feel. For boating enthusiasts, multiple nearby public boat ramps and marinas provide convenient access. The location is also highly accessible for commuters: approximately 20 minutes to FTL Airport, 40 minutes to MIA, and 1 hour to PBI Airport. Terra Mar is a great option for buyers looking for a laid-back coastal lifestyle with beach access, walkability, and a true neighborhood feel. This is a rare opportunity to own a spacious home in one of the area's most desirable ocean-close communities.
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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 | $1,200,000 | $1,200,000 | $1,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.121% | 6.183% |
| Monthly Tax Payment | $913 | $913 | $913 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,003 | $7,195 | $10,126 |
| Total Monthly Payment | $8,041 | $8,233 | $11,164 |
* 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.