Located on the 5th floor with a stunning glass balcony, this spacious 2 Bedroom split plan with 2.5 Baths has sunny southern exposure and offers gorgeous Ocean, Pool & Intracoastal views. This unit can be easily updated or designed to be your oceanfront dream home. The Palm Beach Hampton is pet friendly and has a 24/7 manned gatehouse, doormen, 2 garage parking spaces, state-of-the-art fitness center, 2 tennis courts, a newly renovated pool area and 800 feet of sandy beach. The Hampton is a magnificent oceanfront building and recently has gone thru extensive capital improvements including structural restoration and beautification.
1) The Palm Beach Hampton has undergone an extensive capital improvement and beautification projects. There are 2 Loans totaling which are billed monthly as a Special Assessment. The combined principal for the loans $134,146.95. The combined monthly payments are $1,386.47. The total for all P & I as of 3/15/22 is $102,207.55 The Seller will pay their prorated share of the special assessment up until the day of closing and the buyer will assume the special assessment from the closing date forward.
2) A $6M special assessment for concrete restoration was just passed. There will be 2 interest only payments of $1,068.90 due April 1, 2022 and January 1, 2023. The approximate loan amount due for the special assessment for this unit and cabana will be $64,134.00 due September 1, 2023. It can be paid in full or financed at 3.9% over 10 years. The Buyer shall assume the concrete special assessment at closing.
3) Any claim the Seller has with her insurance company shall be excluded from the sale. Property is being sold in As Is condition