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COASTAL LIVING !! Key West-inspired home nestled on prestigious Hypoluxo Island, one of South Florida's most desirable coastal enclaves. Set on an oversized 11, 700-square-foot lot, this coastal-inspired residence offers the perfect blend of tropical elegance, island living, and endless potential—with NO HOA restrictions. Featuring a desirable split-bedroom floor plan with 3 bedrooms and 2 bathrooms, the home is move-in ready while offering an exceptional opportunity to renovate, expand, or create your dream coastal retreat. The expansive lot provides ample room to add additional living space, design a resort-style pool, or customize the property to suit your lifestyle. Car enthusiasts, boat lovers, and hobbyists will appreciate the rare four-car garage, including a two-car attached garage and a detached two-car garage/workshop, along with abundant parking for guests, . Enjoy the ultimate South Florida lifestyle just moments from the Atlantic Ocean. Walk to the beach, the renowned Eau Palm Beach Resort & Spa, waterfront restaurants featuring live music, and Plaza Del Mar with its boutique shopping, grocery store, and popular dining options. Ideally located between the vibrant downtown districts of West Palm Beach and Delray Beach, with Palm Beach Island just a short drive away, this exceptional property offers the perfect combination of location, lifestyle, and opportunity. Whether you're searching for a move-in-ready island home or envisioning a custom luxury estate, this rare Hypoluxo Island property offers the flexibility to make your coastal dream a reality.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,250,000
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 | $1,800,000 | $1,800,000 | $1,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.277% | 6.223% | 6.183% |
| Monthly Tax Payment | $417 | $417 | $417 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,648 | $10,937 | $15,189 |
| Total Monthly Payment | $11,190 | $11,479 | $15,731 |
* 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.