5591 Royal Lake Cir, Boynton Beach, FL, 33437 | $400,000

Welcome to Royal Landing at Coral Lakes, a sought-after 55+ community known for its vibrant lifestyle and exceptional amenities. This lakefront home with vaulted ceilings offers 2 Bedrooms/2 Bathrooms plus a versatile den featuring a built-in Murphy bed and potential to convert into a 3rd bedroom. Enjoy water views from the screened patio, the perfect setting for morning coffee/relaxation. Updates include a newer A/C (2023), water heater (2017), and newer washer & dryer. This residence provides an excellent opportunity for a new owner to add their personal style and updates. Set within a beautifully landscaped 580-acre community with 15 scenic lakes, Coral Lakes offers an impressive resort-style lifestyle centered around its recently renovated 72, 000-square-foot clubhouse. Residents enjoy an indoor Olympic-size pool, outdoor resort pool, fitness center, steam rooms, saunas, hot tubs, card rooms, & a performing arts theater hosting concerts, shows, lectures, & community events. Outdoor enthusiasts will appreciate 10 tennis courts, 6 pickleball courts, basketball and handball courts, along with a full calendar of social clubs and activities. The community café provides convenient dining & catering options. This is your opportunity to enjoy the active South Florida lifestyle in one of Boynton Beach's premier active adult communities.

Features

  • Amenities: Basketball Court,Clubhouse,Fitness Center,Pool,Sauna,Spa/Hot Tub,Tennis Court(s)
  • Bedrooms: 3
  • Baths: 2 full
  • Year Built: 1996
  • Garage: 1-car Attached,Garage,One Space
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,658
  • Est. Taxes: $2,744
  • HOA Fee: $1,985 Quarterly
  • View: Lake,Water
  • Adult Communities: Yes
  • Water Front: Yes
  • Elem. School: Hagen Road
  • Middle School: Odyssey
  • Pets Allowed: Yes
  • Appliances: Dryer,Dishwasher,Electric Range,Refrigerator,Washer
  • MLS#: A12030025
  • Website: https://www.raveis.com
    /prop/A12030025/5591royallakecir_boyntonbeach_fl?source=qrflyer
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William Raveis Family of Services

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.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Pedro DelgadilloInsurance Sales Director, William Raveis Insurance

305.922.5393

Pedro.Delgadillo@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

5591 Royal Lake Cir, Boynton Beach, FL, 33437

$400,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $320,000 $320,000 $320,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.436% 6.603% 5.952%
Monthly Tax Payment $229 $229 $229
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,944 $2,021 $2,657
Total Monthly Payment $2,248 $2,325 $2,961

* 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.