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Delray's hidden gem, Hammock Reserve, awaits! Nestled behind three gated entrances and surrounded by five serene lakes and a 5 acre nature preserve, Hammock Reserve is an intimate community of just 273 single family homes offering privacy and space in Central East Delray. With tree lined streets, scenic walking paths, and beautiful lake views throughout, it's easy to see why so many residents fall in love with the lifestyle here. Situated on a premium pie shaped lakefront lot along one of the community's quietest streets, this completely renovated residence has been thoughtfully redesigned from top to bottom with exceptional attention to detail. Wide plank engineered European oak flooring flows throughout the home, complemented by designer lighting and elevated finishes at every turn. At the heart of the home is a completely reimagined kitchen complete with custom cabinetry, a stunning waterfall island, designer white appliances accented by brass hardware, a built in beverage center, drawer microwave, custom floating shelves, and under cabinet lighting. The spa inspired bathrooms feature oversized designer tile, floating vanities, Moen fixtures, electric bidet toilets, and modern finishes. Solid core interior doors, custom closet systems, fresh interior and exterior paint, new epoxy garage flooring, and a 2023 roof further reflect the exceptional attention to detail found throughout the home. Soaring ceilings and an open, airy floor plan create an immediate sense of space and quality. Beautiful, peaceful lake views and an extended driveway complete this exceptional property. Hammock Reserve is an all ages community designed for easy, low maintenance living. Zoned for A+ rated Boca Raton schools and just minutes from Atlantic Avenue, the beach, and the Delray Beach Golf Club's $30 million renovation, the location is unbeatable. With quick access to I95, travel to West Palm Beach, Fort Lauderdale, and Miami is effortless. A rare opportunity to own a truly turnkey lakefront home in one of Delray Beach's most sought after gated communities.
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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 | $759,200 | $759,200 | $759,200 |
| 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 | $426 | $426 | $426 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,430 | $4,552 | $6,407 |
| Total Monthly Payment | $4,948 | $5,070 | $6,925 |
* 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.