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21 Hudson is situated in the coveted coastal enclave of Ocean Ridge, one of Palm Beach County's best-kept secrets. This beautifully cleared, vacant 0. 40-acre lot on private Hudson Avenue offers an opportunity to build a 6, 500 +/- SF estate tailored to your vision. Conceptual plans are available on request, or bring your architect to design a one-of-a-kind residence. With the potential for a third level, future owners can capture views of both the Ocean and the Intracoastal. At nearly half an acre, this is among the largest fully buildable lots currently available in Ocean Ridge; an exceptional offering in a market defined by limited inventory and refined luxury. . . Opportunities to secure this amount of buildable land in South Florida so close to the beach are increasingly rare, particularly at this price point. Set just off the Intracoastal and a two-minute stroll to the beach, 21 Hudson delivers a sophisticated yet relaxed coastal lifestyle. Enjoy local favorites, including the exclusive Gulf Stream Golf Club, Boynton Harbor Marina, Nomad Surf Shop, world-class dining such as NOBU, and Eau Resort & Spa. Perfectly central, you are just 15 minutes to Atlantic Avenue, 16 minutes to downtown West Palm Beach, and 20 to 25 minutes to Palm Beach Island and Palm Beach International Airport. One of the most undervalued communities in the county, Ocean Ridge remains an "if you know, you know" destination attracting discerning buyers seeking privacy, proximity, and architecturally significant coastal estates. 21 Hudson presents a rare chance to create a legacy property in one of South Florida's most discreet and desirable towns.
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Our Executive Mortgage Banker:
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$2,500,000
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 | $2,000,000 | $2,000,000 | $2,000,000 |
| 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 | 6.362% | 6.385% | 6.223% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,991 | $12,314 | $16,877 |
| Total Monthly Payment | $12,116 | $12,439 | $17,002 |
* 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.