648 Ocean Palm Way, Saint Augustine, FL, 32080 | $4,600,000

An Oceanfront Masterpiece in St Augustine Beach! Welcome to 648 Ocean Palm Way, a rare, fully-furnished oceanfront opportunity in Sea Colony, St. Augustine Beach’s most exclusive gated community. Offering 5 bedrooms, 5. 5 bathrooms, in 5, 000 sf of true luxury living along with 2, 500 sf add'l porches and balconies, this spectacular home delivers a rare combination of island living, elegant entertaining, and coastal durability. The moment you enter, you are immediately impressed with its abundant natural light, generous living spaces, smart architectural details, and truly breathtaking oceanfront views; creating an immediate sense of WOW! Like the custom-designed chef's kitchen with multiple work zones, two dishwashers, two ovens and lots of gorgeous cabinet space. It is truly designed for effortless entertaining; made not only for stirring up your favorite recipes, but for creating the ingredients for powerful memories and unforgettable stories that you'll be talking about for years. Built with the coastal environment in mind, this special residence features concrete block construction, Andersen impact-rated doors and windows, advanced Schluter waterproofing, a 49 year aluminum roof (with 42 years left) with commercial-grade underlayment, three brand new HVAC units providing multiple zones throughout the entire house and it's elevator served! Suffice it to say, there are simply too many elegant finishes, custom upgrades, and lavishly appointed improvements to list; including the refined furniture allowing the next owner to begin enjoying this coveted lifestyle immediately and with ease. Just bring your toothbrush. St. Augustine was recently named the most welcoming destination in the entire United States by Booking. com, and this home represents the epitome of that celebrated lifestyle. Compared to many other luxury coastal markets across the country, 648 Ocean Palm Way offers an exceptional opportunity to own a substantial oceanfront home in a nationally recognized city at a value that is increasingly hard to duplicate. Some homes are difficult to fully describe, this one is impossible to forget!

Features

  • Amenities: Beach Access,Clubhouse,Gated,Community Pool Heated,Spa,Sidewalk
  • Bedrooms: 5
  • Baths: 5 full / 1 half
  • Lot Size: 8276
  • Style: Contemporary,Multi-Level,Single Family Home
  • Year Built: 2007
  • Heating: Central,Electric
  • Cooling: Central,Electric
  • Approx Sq. Feet: 4,963
  • Acreage: 0.19
  • Lot Size: 8276
  • Est. Taxes: $29,872
  • HOA Fee: $2,346
  • Lot Desc: East of A1A,Direct Ocean Front,Ocean View,Ocean Front
  • Water Front: Yes
  • Boat Access: No
  • Elem. School: R.B. Hunt
  • Middle School: Sebastian
  • High School: St. Augustine
  • MLS#: 263040
  • Days on Market: 5 days
  • Website: https://www.raveis.com
    /eprop/263040/648oceanpalmway_saintaugustine_fl?source=qrflyer
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Listing courtesy of FLORIDA HOMES REALTY & MORTGAGE

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:

  • Market your home to realize a quick sale at the best possible price
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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

648 Ocean Palm Way, Saint Augustine, FL, 32080

$4,600,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,680,000 $3,680,000 $3,680,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.000% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.251% 6.086% 6.183%
Monthly Tax Payment $2,489 $2,489 $2,489
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $21,475 $22,063 $31,054
Total Monthly Payment $24,089 $24,677 $33,668

* 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.