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Regency Highland is coastal living at its finest. At just under $450, 000, this is an incredible opportunity to own a spacious 1 bedroom, 1. 5 bath condo with breathtaking Intracoastal and ocean views in one of Highland Beach's most desirable waterfront communities. Already completed for the next owner are: stainless steel appliances, beautiful wood-like porcelain tile flooring in the primary bedroom, a renovated primary bathroom, all impact windows, and an AC & Water Heater both from approximately 2022-2023. The remainder of the unit presents a fantastic opportunity to customize and renovate to your personal taste — ideal for investors, seasonal residents, or buyers seeking value in a premier location. The condo offers tons of storage with a large walk-in closet in the bedroom, a hallway linen closet and a large closet adjacent to the kitchen which could be used as a pantry or as a walk in laundry room. There is also a storage locker, trash chute and laundry conveniently located immediately outside the unit. Offered under $450, 000, this handyman special is positioned within a financially stable, fully updated building with completed modernization projects, providing peace of mind and long-term value. Residents enjoy private beach access, resort-style pool & amenities including tennis/pickleball and a fitness center, as well as 24hr manned guard gate. Unbeatable location between Boca Raton and Delray Beach, with close proximity to I95. Highland Beach is home to approximately 4000 residents and they have their own police dept, fire dept and water filtration system. Rarely does an opportunity arise to create your dream coastal retreat, at this price, while enjoying sweeping water views from both sunrise to sunset.
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$449,000
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 | $359,200 | $359,200 | $359,200 |
| 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 | $137 | $137 | $137 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,151 | $2,241 | $2,959 |
| Total Monthly Payment | $2,363 | $2,453 | $3,171 |
* 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.