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Top floor penthouse residence in Palm Isles with expansive long lake views and over 1, 800 square feet of living space. Vaulted ceilings and abundant natural light create an open, airy feel throughout, while the screened balcony offers the perfect place to relax and enjoy the peaceful water views. Private elevator provides added convenience and privacy. Palm Isles has recently completed a stunning $15 million clubhouse transformation featuring a resort style pool, fitness center, tennis and pickleball courts, theater, cafe, art studios, and beautifully updated social spaces. Guard gated community with no mandatory country club membership. The view is what truly sets this residence apart. From the moment you enter, the wide lake views create a sense of calm and privacy that is hard to find. Positioned on the top floor, this penthouse offers a bright and open layout with soaring vaulted ceilings and natural light that changes beautifully throughout the day. The screened balcony becomes an extension of the living space and the ideal setting for morning coffee, evening sunsets, or simply enjoying the peaceful surroundings. The spacious floor plan offers comfort and functionality with generous living areas and a private elevator that adds convenience and exclusivity. Whether used seasonally or year round, the home delivers an easy South Florida lifestyle centered around comfort, views, and community. Palm Isles has recently undergone an impressive $15 million renovation that has completely transformed the amenities and social spaces. Residents enjoy a beautifully redesigned clubhouse with updated gathering areas, a 600+ seat theater, fitness center, resort style pool, tennis and pickleball courts, cafe, art studios, and an active social calendar. The community is guard gated and offers a vibrant lifestyle without mandatory country club membership. There is a current special assessment in place related to the recent improvements.
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William Raveis Mortgage, LLC
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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 | $198,400 | $198,400 | $198,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.933% |
| Monthly Tax Payment | $243 | $243 | $243 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,190 | $1,238 | $1,648 |
| Total Monthly Payment | $1,508 | $1,556 | $1,966 |
* 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.