One or more photo(s) has been virtually staged. Unique and enticing buildable Lemon Bay waterfront lot situation! A renovated mid-century gem on . 95 acre. The entire parcel consists of two lots. The existing home is situated on the streetside lot - the vacant buildable lot on the waterside. Create your own private compound. Live in the existing home while building your dream waterfront home, then make the existing original home the guest house or income producing property. This is just one scenario of many possibilities and opportunities. The solidly built (no hurricane damage) and tastefully renovated existing home is in tip top condition. Freshly painted inside and out. Newer matching tile floors and base molding thru-out. The kitchen boasts white shaker cabinets, quartz count tops, bright white timeless subway tile and includes brand new never used stainless steel appliances and fixtures. A brand-new front-loading washer and dryer are included in the bonus room. Baths are updated with new fixtures, vanities, toilets and showers with ceramic tile. The seller has conserved and reconditioned the original fabulous cedar wood cathedral ceiling in the great room. Bedroom and bath doors have been replaced with solid core soundproof doors with new satin nickel hardware and hinges. The bedroom closet and hallway closet doors replaced with matching hardware as well. Roof updated 2022; Electrical box 2022; Hot water heater 2022; Garage doors updated 2023; Garage drywalled and painted 2022/23; Rear door and bonus room window updated 2023. Unobstructive water views from the great-room, kitchen, master bedroom and bonus office. An easy launch for a kayak or paddle board right off the property and walking distance to the public beach. Lemon Avenue is a privately maintained road with little traffic which has recently been designated a protected canopy road. This is a peaceful residential setting with abundant trees and vegetation and captivating wildlife, especially over the water. It truly is a special property, waterfront and walk to beach with endless possibilities.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $872,000 | $872,000 | $872,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.636% | 6.684% |
Monthly Tax Payment | $589 | $589 | $589 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,512 | $5,512 | $7,596 |
Total Monthly Payment | $6,226 | $6,226 | $8,310 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.