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$8,450,000

Beds
5
Baths
7.5
sq ft
7,664

701 Tern Point Cir, Boca Raton, FL 33431

701 Tern Point Cir

Boca Raton, FL 33431

  • 413 days on market
    • Price drop $500,000↓
Chic Montecito style meets this Sanctuary deepwater estate sited on 116+/- feet of waterfrontage originally built by Palm Beach builder Addison Development and interiors by Marc-Michaels. Authentic Spanish Colonial influenced interiors boast rich hardwood floors, terra cotta and gorgeous tough and groove beamed wood ceilings and gentle archways sets the stage for glamorous living. Lavish Primary suite includes two baths (one in the new Dior boutique vibe ) , lounge, exercise room and waterway balcony . Reimaged resort-styled pool/patio is enhanced with water features and sculpture garden, Loggia with professional bar and summer kitchen and Cabana. Shown by appt only.

Details

Property type

Single Family Residence

Est. home value

$7,445,417

Lot size

Unknown

Price per sq ft

$1,103

Year built

1997

Annual property taxes

$53,260

Monthly HOA fee

$2,054

Price History

12/12/2024
Beaches

Beaches #R10933807

Price change
$8,450,000
-5.59%
11/06/2023
Beaches

Beaches #R10933807

Listed
$8,950,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Tennis Court(s)

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Raymond James Bank Na

Loan start date

January 2021

Original loan amount

$3,500,000

Est. remaining balance

Not provided

Interest rate

2.75%

Loan type

New Conventional, 30 year

Seller

David I Fuente and Sheila K Fuente

Lender

Suntrust Bank

Loan start date

May 1997

Original loan amount

$2,564,000

Est. remaining balance

Not provided

Interest rate

7.94%

Loan type

New Conventional

Seller

David I Fuente and Sheila K Fuente

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/23/2024 at 12:10 PM

Listing updated: 12/12/2024 at 3:45 PM

Listed by: Carmen D'Angelo, Premier Estate Properties Inc Phone #: (561) 394-7700

MLS: Beaches #R10933807

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