This spacious 2 BR/2.5 BA Southwest Corner Unit is located on the lobby level of this exquisite full service PET FRIENDLY Oceanfront Building. Inside there are 8' 10'' ceilings and new hurricane impact doors & windows. There are magnificent Intracoastal views and sensation sunsets as well as ocean views. The oversized lanai becomes an outdoor living room and is fantastic for entertaining! The Hampton has undergone an extensive interior and exterior renovation. It is truly one of the most spectacular building on South Ocean. Amenities include 2 garage parking spaces, newly renovated lobbies & hallways, new fitness center, new pool area, & beach pavilion, club room & billiards, 24/7 manned gatehouse, 24/7 doormen and excellent management. Sold As Is - SEE SUPPLEMENT FOR ASSESSMENT DETAILS In addition to the monthly maintenance, the Palm Beach Hampton as 3 Loans totaling $12,550,000. for Capital Improvements and Repairs. The monthly special assessment for these loans is $1,188.40. The approximate total balance as of March 15, 2023 for all P & I + Principal is $76,638.31.In addition to the existing loan's, the Palm Beach Hampton has a bank commitment for a $6,000,000 loan, approved on February 22, 2022 for funding Phase 8 & 9 Capital Budgets. This loan is currently in the construction draw and interest-only phase. It is expected that this loan will enter the P & I phase in September 2023. Due to additional program requirements, it is likely the Hampton will need to spend an additional $1.5 million to complete all capital projects during 2023. If the total is $7.5 million, the amount of principal that Unit 106-South would be responsible for would be approximately $68,715.00.
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