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Presented by
Ashley Jennings |
Discover your slice of paradise on South Palm Beach Island! Priced at just $94, 000, this charming studio offers 375 sq ft of cozy living space, perfect for a personal retreat or investment opportunity. With serene views and unbeatable location, it's the ideal escape. Fabulously located between the Atlantic Ocean and the Intracoastal, enjoy a short walk or bike ride to Lantana Beach, Publix, the Eau Resort & Spa, and Plaza del Mar shopping. Residents enjoy a boutique active lifestyle that includes a secure lobby with dedicated bike storage, and a dedicated area featuring picnic tables and BBQ grills, perfect for waterfront social gatherings. Relax by the renovated, heated pool directly on the Intracoastal or take advantage of private beach access across the street. Land is included. - Ground floor unit. - Active Lifestyle: Community Lobby, Social Gathering Room, Secure bike storage to facilitate a healthy, car-optional island lifestyle. - Outdoor Amenities: Waterfront social deck with picnic tables, BBQ grills, and a heated pool sitting directly on the Intracoastal. - Prime Location: "On the Island" in South Palm Beach, walking distance to the new Publix and local favorites like the Ice Cream Club. - Parking: Assigned parking space conveniently located just steps from the unit's private patio entrance. - Storage: Extra storage locker included. - Strict Community Standards: This is a quiet, well-managed, owner-occupied building with a no-pet and no-leasing policy. Note: Cash only per co-op rules; no pets, no leasing, and mandatory board interview/background check required.
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Our Executive Mortgage Banker:
Our Insurance Division:
$94,000
Sales Associate
William Raveis Real Estate
Phone: 239.203.4942
Ashley.Jennings@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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $75,200 | $75,200 | $75,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.866% |
| Monthly Tax Payment | $148 | $148 | $148 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $450 | $475 | $619 |
| Total Monthly Payment | $673 | $698 | $842 |
* 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.