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DREAM PROPERTY LOCATION. STR RENTAL ZONING ALLOWED. Highest use and Equity building opportunity is to Build a NEW WATER VIEW ELEVATED home. SOLD AT LOT VALUE. OVERSIZED BUILDABLE Lot 85 x 90 ft +/-. Direct Water views & WEEKLY Rental Zoning. BEACH ACCESS walking distance. Margaritaville bike or walking distance. Are you searching for your dream Location to build your own ELEVATED house with WATER Views? Here it is, look no further! Potential Huge Gross Rental Income potential AFTER Building a 4+ BEDROOM New Construction home here. Walking distance to Margaritaville, Pier District, Nightly Sunsets and the sugar sands of the Gulf of Mexico. Imagine relaxing on your NEW Construction home Elevated balcony, watching the Dolphins and Boaters in the canal across the street, with a great view of the bay too; feeling the soft ocean breeze from your own private Island sanctuary. The Mound House park with Kayaking and Fishing Pier is a short stroll nearby. If you are tired of cookie-cutter houses, build you own right here.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$579,000
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 | $463,200 | $463,200 | $463,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.173% | 7.316% | 6.550% |
Monthly Tax Payment | $270 | $270 | $270 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,004 | $3,121 | $3,972 |
Total Monthly Payment | $3,366 | $3,483 | $4,334 |
* 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.