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Wake up to breathtaking ocean, Intracoastal, and pool views from this beautifully renovated 2-bedroom, 2-bath residence in The Summit, one of Hollywood Beach's premier oceanfront communities. This move-in-ready unit features a bright, open layout, an eat-in kitchen, and a spacious private balcony perfect for enjoying South Florida's coastal lifestyle. The desirable split-bedroom floor plan offer two spacious primary suites with walk-in closets and ensuite baths. Additional features include impact windows, abundant natural light, and an in-unit washer and dryer. Residents enjoy an exceptional resort-style amenity package, including two heated saltwater pools, tennis courts, fitness center, game rooms, basketball courts, a private restaurant, and direct beach access. Covered parking and additional storage are also included. Ideally located on the world-famous Hollywood Broadwalk, just steps from restaurants, shopping, and entertainment. A rare opportunity to own a turnkey beachfront residence, vacation retreat, or investment property in one of South Florida's most desirable oceanfront locations. The unit is currently tenant-occupied, providing immediate rental income for investor or future personal use. The special assessment has already paid and there is no outstanding balance.
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Our Executive Mortgage Banker:
Our Insurance Division:
$849,000
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 | $679,200 | $679,200 | $679,200 |
| 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 | $1,000 | $1,000 | $1,000 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,018 | $4,127 | $5,731 |
| Total Monthly Payment | $5,110 | $5,219 | $6,823 |
* 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.