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Fort Lauderdale Home in Palazzo Mare for $2,295,000

Palazzo Mare: 3060 N Atlantic Blvd - Fort Lauderdale, FL 33308

ID#: F837351 - 3060 N Atlantic Blvd
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Buy This Home For:
$2,295,000 or
$9,563* per month
Bedrooms: 3
Bathrooms: 3.00
Square Feet: 1,734
0 Votes

ID#: F837351

OCEAN FRONT - 50 FEET FRONTAGE DIRECTLY ON THE BEACH. ONLY A CHOSEN FEW GET TO LIVE THIS DREAM. Use and enjoy the existing adorable house or use the plans and permits that have already been obtained from both the City and State to construct a new 7,000 sq ft Mediterranean oceanfront estate. If constructed this new estate home would be offered/valued at $6,995,000. The bottom photo is an artist rendering of this new home.This is one of only 49 residences that sits directly on the ocean.


Buy This Home For As Low As $9,563/mo.* - Lowest Mortgage Rates Guaranteed

30 Year
Fixed		 40 Year
Option ARM		 5 Year
Interest Only		 30/10
Interest Only		 Mortgage Calculator
$10,714 /mo. $2,993 /mo. $8,606 /mo. $9,562 /mo.
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Total Number of Homes in Palazzo Mare: 152
15 Homes For Sale Starting at $899,900.
- 14 Homes with 3 or More Bedrooms
Pets Allowed: Yes

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Property Description
Waterfront: Ocean Front

Interior Features
Floor: Carpet Floors, Ceramic Floors
Interior Features: Pantry
Equipment/Appliances Included: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Owned Burglar Alarm, Refrigerator, Self Cleaning Oven, Smoke Detector, Washer

Room Description
Additional Rooms: Utility Room/Laundry

Exterior Description
Construction Type: Concrete Block Construction
Exterior Features: Patio

Parking Description
Parking: Driveway, Pavers, Street

Utilities
Heat: Central Heat
Cool: Ceiling Fans, Central Cooling

Days On Market: 404
Current List Price: $2,295,000
Initial List Price: $2,995,000 (30.5% Reduction)

12/17/08 - Price Reduced to $2,650,000
04/26/09 - Price Reduced to $2,495,000
11/08/09 - Price Reduced to $2,295,000
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* The following information is provided by The Home Loan Store, which offers this product on behalf of an investor who funds and closes such loans: The monthly payment is based on the following sample transaction. A loan amount based on the offered purchase price (as noted above) with a 30-year term (360 monthly payments), a down payment of 20%, and an initial interest rate of 6.250%. The payment for the first ten (10) years after consummation is for Interest Only, the payments for the remaining twenty (20) years include Principal and Interest. The monthly payment is the initial minimum monthly payment required based on the initial interest rate. Rates and terms are subject to change and the advertised rate may not be available at commitment or closing. Applicants must satisfy the loan program criteria, and not all applicants will qualify. Expert Realty does not make or broker mortgage loans. All inquiries regarding mortgage financing should be made to The Home Loan Store. Monthly Mortgage Payments are calculated based on a down payment of 20% and the following mortgage rates: 30 Year Fixed (5.750%), 5 Year ARM (5.625%), 5 Year Interest-Only (5.625%), 10 Year Interest-Only (6.125%), 30/10 Year Interest-Only (6.250%), 15 Year Fixed (5.250%), 40 Year Option ARM (0.163%)