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Property Description
251 Coconut Palm Road offers a rare chance to enjoy refined waterfront living on a grand scale. Beyond the gated entry, a sweeping drive lined with towering palms and manicured grounds sets the tone for the estate's timeless elegance. With its striking Spanish Mediterranean design, the seven-bedroom residence pairs old-world craftsmanship with a clean, contemporary sensibility. In the marble-clad foyer, a dramatic rotunda-style staircase introduces interiors that balance grand scale with warmth and intimacy. The formal living room, anchored by a hand-carved cast stone fireplace, opens gracefully to the dining room, where tranquil views stretch across the property's expansive outdoor spaces. At the heart of the home, the fully reimagined chef's kitchen is as beautiful as it is functional, with dual islands suited to both grand entertaining and relaxed everyday living. The main level also includes a cozy theater, a welcoming club room and bar, a richly appointed study, and a serene library, each designed with comfort and ambiance in mind. Upstairs, the primary suite enjoys its own private wing, where oversized bay windows showcase sweeping water views. This luxurious retreat features a separate sitting room with fireplace and dual spa-inspired baths with generous wardrobe closets. A separate VIP suite, reached by private elevator, offers guests a secluded escape with a morning bar, wraparound balcony, and panoramic views of the Butterfly Palm waterway. The west wing is home to three additional guest suites and a spacious second family room. Outdoors, a series of covered terraces creates inviting spaces for year-round gatherings of every size. The summer pavilion, complete with alfresco kitchen, fireplace, and integrated cooling system, extends the living space seamlessly outdoors. A saltwater pool with marble decking and an adjacent cabana bath is surrounded by lush tropical landscaping and soft ambient lighting, all set along 150 feet of waterfrontage. More than a residence, this is a private sanctuary where every detail elevates daily living and effortless entertaining.
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Assumptions and Disclosures
- Interest rates and APRs presented are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables - call for details.
- This is not a credit decision or a commitment to lend.
- Depending on loan guidelines, mortgage insurance may be required
- If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available.
- APR (annual percentage rate) reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, discount points (also referred to as "points"), and loan-origination fees. One point is 1% of the mortgage amount (e.g., $1,000 on a $100,000 loan).
- Your monthly payment is not based on APR, but instead on the interest rate on your Note.
- Adjustable Rate Mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period.
- These special rates presented here are only available when you pre-qualify and are not guaranteed until lock-in.
- Amounts may be rounded up. Additional fees and closing costs apply. If the down payment is less than 20%, mortgage insurance may be needed, which could increase the monthly payment and APR.
- Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
- Please contact a loan specialist to get specific payment examples and information regarding your particular needs.
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