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Oceanfront luxury meets income potential at this rare North Beach retreat. This beautifully appointed beachfront compound offers a main home with breathtaking panoramic views from every room, plus a separate 2-bedroom unit—ideal for guests or as an income-producing investment. The chef’s kitchen is a showstopper, featuring custom cabinetry, quartz countertops, brushed gold hardware, high-end stainless appliances, and an oversized island perfect for entertaining. Enjoy natural light, hardwood floors, and unobstructed ocean vistas from the first-floor great room and private balcony off the primary suite. Outdoor living shines with a large back deck, second-floor balcony, and patio—perfect for grilling while listening to the waves. The mudroom and basement provide ample room to store all of your sporting goods and beach toys. Steps from the sand, surf, and seaside boardwalk, this property offers the ultimate beach lifestyle. Main home is rented through mid-August; all rentals must be honored. Open House Sunday 4/27 from 11–1.
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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 | $1,320,000 | $1,320,000 | $1,320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.309% |
Monthly Tax Payment | $1,696 | $1,696 | $1,696 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,495 | $8,452 | $11,228 |
Total Monthly Payment | $9,316 | $10,273 | $13,049 |
* 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.