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Direct Ocean front views & Exceptional opportunity to create your own custom-designed home. Seller has already invested over $80, 000 in demolition & remediation, making this unit fully prepared for reconstruction. All windows face the ocean, bringing in beautiful natural light & stunning views throughout the residence. Design the layout that best fits your lifestyle create a spacious 2bed or a functional 3-bed residence. Several contractors are already familiar with the building & are available to help bring your vision to life. Building is currently undergoing major upgrades w values continuing to rise as the transformation progresses. Rare chance to customize a large ocean-facing residence in a most exciting renovation phase. The newly installed glass balcony enclosure enhances the expansive direct ocean views, creating an immediate “wow” effect elevating the overall living experience. Balmoral's impeccable 5 star services: beach & pool service, Valet parking, bellman, new gym, 24hr security, new tennis courts, restaurant opening soon, newly renovated party hall, & more. Exquisite address located directly across Bal Harbour Shops, walking distance to the buzzing Harding District with an array of restaurants & shopping, the new Bal Harbour waterfront park & new village recreation center, & walking distance to houses of worship. Discover the ultimate luxury lifestyle in Bal Harbour, perfectly blending sophisticated city living with effortless beachside elegance.
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,550,000
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 | $1,240,000 | $1,240,000 | $1,240,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.121% | 6.203% |
| Monthly Tax Payment | $1,112 | $1,112 | $1,112 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,236 | $7,434 | $10,464 |
| Total Monthly Payment | $8,473 | $8,671 | $11,701 |
* 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.