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Presented by
Pedro Calcano |
Welcome to Residence 1505-S at Addison on the Ocean, one of Boca Raton's most prestigious oceanfront addresses. This exceptional lower penthouse residence encompasses 2, 792 square feet of meticulously redesigned living space and underwent an extensive designer renovation in 2023, blending timeless elegance with modern sophistication while showcasing breathtaking direct East Ocean views and spectacular sunset vistas from its western terraces. Spanning a desirable flow-through floor plan, this impeccably appointed residence offers three spacious bedrooms, each with its own en-suite bathroom, plus a beautifully redesigned powder room. Arrive via a semi-private elevator foyer, where a custom handmade medallion immediately sets the tone for the exceptional craftsmanship and attention to detail found throughout the home. Designed by Clive Daniel Home, the interiors feature new flooring throughout, dramatic wraparound ceiling lighting in the living room, dining room, and kitchen, and thoughtfully curated finishes that create a refined yet comfortable coastal ambiance. Crafted for the discerning chef, the gourmet kitchen pairs striking Cambria Quartz countertops with an exceptional suite of Wolf appliances, a Sub-Zero refrigerator and freezer, and a built-in Miele coffee system, creating a refined space where form and function coexist effortlessly. Floor-to-ceiling glass frames unobstructed ocean views, filling the residence with natural light and seamlessly connecting indoor and outdoor living spaces. The expansive eastern terrace provides the perfect setting to enjoy sunrise views over the Atlantic, while western balconies offer stunning sunset panoramas over the city skyline and Intracoastal. Residents of Addison on the Ocean enjoy an unmatched resort-style lifestyle with full-service beach and pool attendants, two heated oceanfront swimming pools, an oceanfront restaurant and bar, on-site café, state-of-the-art fitness center, residents' lounge and game room, and exceptional white-glove service. The community is further enhanced by a manned gated entrance, 24-hour security, and two dedicated garage parking spaces. Positioned along Boca Raton's coveted coastline, Residence 1505-S represents a rare opportunity to own a fully renovated, move-in-ready lower penthouse in one of South Florida's most exclusive beachfront communities.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,850,000
Sales Associate
William Raveis Real Estate
Phone: 781.588.2169
Pedro.Calcano@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.314.1072
Joanne.OKeefe@raveis.com
NMLS Mortgage Loan Originator ID 38342
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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 | $3,880,000 | $3,880,000 | $3,880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.218% | 6.133% | 6.183% |
| Monthly Tax Payment | $2,855 | $2,855 | $2,855 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $22,952 | $23,263 | $32,742 |
| Total Monthly Payment | $25,932 | $26,243 | $35,722 |
* 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.