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Introducing a brand-new waterfront residence on Hypoluxo Island. This recently completed estate was built by Varga Homes and thoughtfully designed by Ava Gray Interiors. This five-bedroom, seven-bathroom coastal estate is designed for effortless luxury living, the home also features a highly desirable first-floor primary suite, offering privacy, convenience, and serene water views. The spacious retreat includes dual walk-in closets and a spa-inspired bath with elevated designer finishes. The open-concept living areas are flooded with natural light, with expansive glass doors that seamlessly connect the great room and chef's kitchen to the covered outdoor living space. The kitchen features custom cabinetry, premium appliances, and a statement island ideal for entertaining. Upstairs, four additional en-suite bedrooms provide comfort and flexibility for family and guests. Outdoor living is equally impressive, with a resort-style pool, covered loggia, and a brand-new private dock offering direct water access -- perfect for boating enthusiasts and enjoying the South Florida lifestyle. Ideally located just minutes from Palm Beach and Delray Beach, and close to the renowned Eau Palm Beach Hotel & Spa, this property offers the rare opportunity to own a new construction waterfront home on sought-after Hypoluxo Island. A refined island retreat blending luxury, comfort, and premier boating access.
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Phone: 888.699.8876
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RVP, Mortgage Banker
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $8,396,000 | $8,396,000 | $8,396,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.235% | 6.223% |
| Monthly Tax Payment | $3,481 | $3,481 | $3,481 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $49,666 | $51,015 | $70,850 |
| Total Monthly Payment | $53,272 | $54,621 | $74,456 |
* 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.