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This exceptional pond-front property offers significant development potential, located in an RE-2 (Residential Estate Two, 1 unit/acre) zoning district with a future land use designation of OFFMF (Office/Multi-Family Residential, 5. 5 to 13 units/acre). The current zoning can be updated to RMF-3, with written confirmation of the future land use and immediate zoning approval already secured. Situated on a spacious 0. 72-acre lot that includes a neighboring road easement—allowing for future development without the need for an interior access road—the property is ideally located within 1. 5 miles of Walmart, Publix, restaurants, walking trails, nature preserves, Manasota Beach, and the Intracoastal, and just 5 miles from eight golf courses and the popular Dog Beach. It also provides easy access to Venice Island, Manasota, Englewood, and Wellen Park. Additional highlights include low property taxes, no HOA fees, and optional memberships to the South Venice Yacht Club and Civic Center, with affordable access to pickleball courts. Recent due diligence includes a full Environmental Study confirming no wetlands or endangered species, water service confirmation from the Water District, a new topographical and tree survey, and all documentation is available upon request.
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Our Executive Mortgage Banker:
Our Insurance Division:
$150,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $120,000 | $120,000 | $120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.019% | 7.050% | 6.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $749 | $788 | $1,005 |
Total Monthly Payment | $824 | $863 | $1,080 |
* 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.