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Welcome to refined modern luxury in Lotus Palm, one of Boca Raton's most prestigious, guard-gated communities known for its resort-style living and unmatched amenities. Residents enjoy a newly opened, state-of-the-art clubhouse featuring a full-service restaurant and bar, resort-style pools, fitness center, tennis and pickleball courts, and a vibrant, lifestyle-driven atmosphere set within beautifully landscaped surroundings. Ideally located near top shopping, dining, and major roadways, and zoned for A-rated schools, Lotus Palm offers the perfect blend of convenience and elevated living. This exceptional Maldives model is among the most desirable new construction homes in the community, offering over $500, 000 in builder interior and exterior upgrades. Thoughtfully designed with soaring ceilings and an open-concept layout, the home is filled with natural light and seamless indoor-outdoor flow. The chef's kitchen is a true centerpiece, showcasing quartz countertops, upgraded cabinetry, Wolf and Sub-Zero appliances, and a custom Viola Calacatta coffee bar, all opening to expansive living and dining areas ideal for entertaining. The main level also features a spacious office/den, an ensuite bedroom, and a large game room with a cabana bathroom. Upstairs, the luxurious primary suite offers a private balcony retreat, complemented by three additional ensuite bedrooms, a large loft, and a fully equipped movie theatre/media room. Step outside to your private backyard oasis, complete with a saltwater heated pool and spa, an expansive covered lanai with wood-paneled ceilings, and serene outdoor living spaces designed for relaxation and entertaining. Additional upgrades include a custom wood entryway, a striking 360-degree stone-wrapped media wall, whole-house water filtration system, designer wallpapered bathrooms, custom-painted bedrooms, and the home is being offered fully furnished for a true turnkey experience.
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Our Executive Mortgage Banker:
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$2,695,000
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 | $2,156,000 | $2,156,000 | $2,156,000 |
| 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 | 6.320% | 6.361% | 6.183% |
| Monthly Tax Payment | $2,542 | $2,542 | $2,542 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,926 | $13,275 | $18,194 |
| Total Monthly Payment | $15,593 | $15,942 | $20,861 |
* 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.