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MOTIVATED SELLER! Welcome to **The Malibu**, New Smyrna Beach's Premier Boutique Condominium Complex, offering stunning Direct Oceanfront living at its finest. This beautifully updated 2, 226 sq ft 3 bedroom, 3 bath unit features a bright, open floor plan with breathtaking Ocean Views you can soak in from your front door to the Private Balcony. Key features include a Split Floor Plan designed to provide maximum Privacy, featuring 2 Additional En Suite Bedrooms (with an additional 4th bedroom or flex space that offers versatility to suit your needs), which all assures ample space that’s perfect for family as well as guests. The Primary Suite is a true Sanctuary, offering Full Oceanfront Views, Private Sliding Door to the balcony, a spacious Walk-In Closet, and a Spa-like Bathroom featuring an oversized Jet Soaking Tub, Dual Vanities and huge Walk-In Shower. The well-appointed sleek/clean kitchen features Stainless Steel appliances and solid surface Quartz Countertops. Recent upgrades to this unit in 2024 include; New AC/HVAC system, Flooring, Hot Water Heater, Whirlpool Refrigerator and 3 Smart TVs (1-85”, 2-75”, 1-65”). Exclusive Malibu amenities include a Private Large Gunite Pool (with newly installed heater), Large Pool Deck area along with a relaxing Hot Tub. The Clubhouse features a great Fitness Room for residents' enjoyment. The Malibu provides Reserved Underground Parking, a Generator for both Elevators, Pets allowed for owners, and Minimum Rental Period of 7 Days. Recent complex updates include: Newly Painted Exterior in 2024 and fully new Landscaping. Newly extended 60 Ft Seawall, and the existing Seawall was recently re-conditioned. The Malibu is Well Maintained and has Fully Funded Reserves. (See Reserve Study. ) Comprehensive HOA includes: Landscaping, Cable TV, Building Insurance, Exterior and Common Grounds upkeep, Clubhouse and Exercise Facility, Electronic Coded Lobby Security and Trash Service. Beach access is just a few steps away. Combined with the Malibu’s Prime Location just south of Flagler Avenue, along with its many Shopping opportunities and Great Restaurants, all a short walk away. Come and enjoy Coastal Living at its finest in the Luxurious Malibu Condominium today, with unparalleled Oceanfront Views, top-tier Amenities and modern upgrades. This is a rare opportunity to own a Piece of Paradise in one of the most sought-after locations in New Smyrna Beach.
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:
$1,149,500
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 | $919,600 | $919,600 | $919,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.911% | 6.764% | 6.666% |
Monthly Tax Payment | $1,169 | $1,169 | $1,169 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,662 | $5,888 | $8,011 |
Total Monthly Payment | $6,956 | $7,182 | $9,305 |
* 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.