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Welcome to New Floresta, one of Central Boca Raton's most sought-after neighborhoods. Situated on an oversized quarter-acre corner lot along one of the community's most picturesque tree-lined streets, this one-story 4-bedroom, 2. 5-bath pool home offers 2, 477 living square feet (3, 269 total) and is being offered for sale for the first time by its original owner. Significant capital improvements are already complete, including a newer concrete tile roof and hurricane-impact windows and doors throughout. Soaring ceilings, a desirable floor plan, abundant natural light, and generous living spaces provide the perfect opportunity to renovate and create your dream home in one of Boca Raton's most established neighborhoods. Enjoy exceptional privacy with an oversized corner homesite featuring mature landscaping, a screened-in pool and patio, and a peaceful backyard setting designed for relaxing or entertaining. New Floresta is widely regarded as one of Central Boca Raton's premier residential communities, known for its custom-built homes, oversized lots, winding tree-lined streets, and timeless neighborhood character. The streetscape along NW 27th Terrace is especially picturesque, creating a welcoming setting that has made this one of the community's most desirable locations. The home is zoned for Blue Lake Elementary and Spanish River Highschool. and is ideally situated near Boca Raton's top public and private schools, Florida Atlantic University, Lynn University, Town Center at Boca Raton, Mizner Park, Downtown Boca Raton, world-class beaches, parks, dining, shopping, I-95, and the Florida Turnpike. Whether you're looking to renovate immediately or customize over time, this is a very rare opportunity to create lasting value in one of Boca Raton's most established and sought-after neighborhoods.
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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 | $1,091,920 | $1,091,920 | $1,091,920 |
| 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% | 6.121% | 6.183% |
| Monthly Tax Payment | $567 | $567 | $567 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,372 | $6,547 | $9,214 |
| Total Monthly Payment | $7,064 | $7,239 | $9,906 |
* 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.