|
Presented by![]() Andrea Roden |
The only new construction modern waterfront home in Bal Harbour. 56 Bal Bay merges indoor & outdoor spaces,
creating a tropical retreat that emphasizes nature in every corner. Sitting on a 21, 225-SF lot, the 10, 034 SF home boasts 100’ of water frontage and 7 BD, 8+1 BA. Features include a primary bedroom with his & hers walk-in closets, six additional suites, an office studio, spa, gym, & steam bath. The smart home will include a rooftop with outdoor kitchen & fire pit, wine cellar, home theater, game room, infinity edge pool with hot tub, dock and boat lift & 3-car garage. The two-story home is designed by a collection of starchitects including architecture by Farid Chacón of NMD NOMADAS, interior design by Fanny Haim & landscape design by CLAD. Estimated Completion Spring/Summer 2025.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$45,000,000
Sales Associate
William Raveis Real Estate
Phone: 203.841.9210
andrea.roden@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.520.1925
Laurie.Berger@raveis.com
NMLS Mortgage Loan Originator ID 12578
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $36,000,000 | $36,000,000 | $36,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.811% | 6.475% | 6.309% |
Monthly Tax Payment | $14,235 | $14,235 | $14,235 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $215,838 | $224,593 | $306,225 |
Total Monthly Payment | $230,198 | $238,953 | $320,585 |
* 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.