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Pre-Construction. To be built. This is a one of a kind new Florida Key West style elevated 3 story home on the water! This custom home is in the upscale neighborhood of Ind. Rocks Beach, and has a park across the street with a playground and tennis/pickleball courts. And, this home is only 3 blocks from the beach to enjoy those beautiful Florida sunsets over the Gulf.
This elevated home is being constructed over 6' ABOVE the FEMA requirement, for greater protection from hurricanes. In addition, the home is constructed entirely with 150mph wind protection for all doors, windows, garage doors, and structural walls. The home also comes with an elevator as well as a whole house generator in case of power outage during a storm. Natural gas serves this site, so the hot water, kitchen range, dryer, pool heater, and generator helps keep the utility costs lower.
The second floor has a large open Great Room/Dining Room/Kitchen with large glass sliding glass door and windows overlooking the water. Also offered, the third floor has a Master Suite and a Guest Suite, both with 2 walk-in closets and well designed private bathrooms. Both these Bedroom Suites have spacious patios overlooking the water. Truley a great home layout! The Garage level has plenty of room for 4 cars, and an area for a much desired room adjoining the patio on the pool deck. This home layout was carefully designed for the ultimate in Florida living!!
In addition, this home offers a beautiful pool and heated spa in your back yard overlooking the water, as well as a private dock for your boat or just sitting and relaxing on the water. A new structural seawall is also being constructed along the waterfront. The exterior site offers decorative pavers for drive and walks, very nice landscaping with Florida palm trees, lighted plant areas, and an irrigation system to keep everything perfect.
The Buyer gets to choose all specifications and colors for their new home. Selections includes cabinetry, countertops, flooring, ceramic tile shower & tubs, ceiling fans, plumbing fixtures, appliances and more. Feel free to call us for additional information on all the specifications offered with this home.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,860,000
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
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,288,000 | $2,288,000 | $2,288,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.500% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.848% | 6.613% | 6.560% |
Monthly Tax Payment | $1,048 | $1,048 | $1,048 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,902 | $14,462 | $19,774 |
Total Monthly Payment | $15,075 | $15,635 | $20,947 |
* 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.