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Experience breathtaking, unobstructed oceanfront and Samson Park views from this highly desirable 07-line residence in the heart of Sunny Isles Beach. A perfect vacation home and exceptional investment opportunity, this unique property features two units in one, including a detached studio that can be rented separately for maximum flexibility and income potential. Currently enrolled in the hotel program with hotel furnishings included, the unit can also be independently rented by the owner. The spacious and functional floor plan is filled with natural light through floor-to-ceiling balcony windows, a remodeled kitchen with new stainless steel appliances, a remodeled bathroom, a new washer & dryer, popcorn ceiling was removed & new ceiling lights! Additional highlights include an owner’s closet. Located at Ocean Point Beach Club, residents enjoy unbeatable convenience just steps from grocery stores, restaurants, banks, shopping, and parks. Resort-style amenities include: Grand lobby with bar and restaurant, Beauty salon, and spa, Fitness center with sauna, Oceanfront pool with two Jacuzzis, Pool bar, and beach service. The condo fee includes all utilities: electricity, water, cable, and internet. Priced to sell quickly — don’t miss this incredible opportunity to own in one of South Florida’s most sought-after beachfront destinations.
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Our Executive Mortgage Banker:
Our Insurance Division:
$745,000
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 |
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|---|---|---|---|
| Loan Amount | $596,000 | $596,000 | $596,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $704 | $704 | $704 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,569 | $3,718 | $4,909 |
| Total Monthly Payment | $4,365 | $4,514 | $5,705 |
* 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.