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Move right into this beautifully updated 4-bedroom, 3. 5-bath residence in prestigious Bear Lakes Estates. Designed for comfortable living and entertaining, this single-story home features a desirable split floor plan, soaring cathedral ceilings, and a chef's kitchen with Viking gas appliances, Sub-Zero refrigeration, custom St. Charles stainless steel cabinetry, and granite countertops. Recent upgrades include a 2019 roof, newer three-zone HVAC systems, and renovated primary and guest baths. The spacious primary suite offers two walk-in closets and privacy from the guest bedrooms. Enjoy a fully fenced backyard with a private pool. Located in a gated community with low HOA dues and optional golf and social memberships. Bear Lakes Estates is a 24-hour manned-gated community ideally situated near downtown West Palm Beach, Palm Beach International Airport, I-95, shopping, dining, and area beaches. Residents enjoy access to jogging and biking trails, tennis courts, basketball courts, picnic areas, and beautifully maintained common areas. Golf and social memberships at Bear Lakes Country Club are available, but not mandatory, allowing residents to enjoy the country club lifestyle without a required membership commitment. Additional property features include front yard fencing and gates, a newer water heater, updated breaker box, pool pump, underground drainage piping servicing the front roof water runoff system, and light-filtering protective window membranes.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,600,000
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 | $1,280,000 | $1,280,000 | $1,280,000 |
| 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 | $983 | $983 | $983 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,470 | $7,674 | $10,801 |
| Total Monthly Payment | $8,578 | $8,782 | $11,909 |
* 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.