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SELLER IS OFFERING A RATE BUY-DOWN! Enjoy lower monthly payments and greater affordability from day one. Opportunity knocks just minutes from the beach in the heart of vibrant Downtown Lake Worth Beach, where coastal charm meets everyday convenience. Enjoy the rhythm of seaside living with ocean breezes, swaying palms, and walkable access to vibrant local shops, dining, and entertainment. Built in 2018, this modern townhome offers 2 bedrooms, 2. 5 bathrooms, and 1, 632 square feet of thoughtfully designed living space. A rare mixed-use lower level provides exceptional flexibility and may be used to run a business, offering a unique income opportunity in a highly sought-after location. Inside, the home features a light and airy coastal aesthetic with newer kitchen appliances, updated countertops, and fully remodeled bathrooms designed with clean, contemporary finishes. Impact doors and windows provide added security, storm protection, and energy efficiency, while generous parking makes it easy to welcome guests or business clients. Additional highlights include a private one-car garage and a breezy balcony perfect for morning coffee or sunset relaxation. Police and fire stations are just a block away, with Publix, CVS, Starbucks, City Hall, and Lake Avenue Shops all within a short walk. Enjoy the beautiful beach with a quick bike or golf cart ride away, and don't miss a visit to Benny's on the Beach! This property creates a rare chance to own in one of South Florida's most eclectic and desirable coastal communities with built-in flexibility for both living and working.
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Our Executive Mortgage Banker:
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$380,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $304,000 | $304,000 | $304,000 |
| 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 | $385 | $385 | $385 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,872 | $1,919 | $2,524 |
| Total Monthly Payment | $2,332 | $2,379 | $2,984 |
* 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.