|
Presented by
Ellen Vincent |
1645 & 1649 Bayshore ROAD, Nokomis, FL, 34275 | $18,050,000
This listing offers one of the last undeveloped intercoastal/bayfront multi-family sites left on the West Coast of Florida which includes a 17-slip marina and additional dockage. This sale includes two separate lots (PID#S-0166150006 & 0166150007), with 3. 87 acres combined with 345 +/-ft of Bay-frontage. This unique parcel is zoned for a total of 34 units with preliminary architectural renderings and the Sarasota County DRC pre-submittal application process has been completed along with surveys. With panoramic Bayfront views, large acreage and a private marina, you have the ability to create an exclusive multi-family waterfront development. Additional uses would include a single-family home development, a grand estate property with its own marina and large acreage. Another option would be to reside on one lot and build income producing properties on the other, along with boat-slip rentals. There are 12 buildings on the property with 14 units. Some of the units need work including roofs but are repairable. They are all concrete block except one building. The serene view overlooking Casey Key provides an old Florida feel. This property is ideally located with only 5 minutes to beautiful Nokomis Beach and Jetty, 10 minutes to quaint downtown Venice Island and beach, about 30 minutes from Downtown Sarasota with all of its cultural offerings, restaurants, nightlife, entertainment as well as easy access to the highway within 5 minutes. Take this one-of-a-kind property and transform it into your own Bayfront gem!
Features
- View: Trees/Woods, Water
- MLS#: A4643371
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/A4643371/1645and1649bayshoreroad_nokomis_fl?source=qrflyer
William Raveis Family of Services
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.
Ellen VincentLuxury Properties Specialist
203.313.8862
Ellen.Vincent@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Matthew DeMariaVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 147983
845.290.3871
Matthew.DeMaria@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Gene RahillyInsurance Sales Director, William Raveis Insurance
917.494.9386
Gene.Rahilly@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1645 & 1649 Bayshore ROAD, Nokomis, FL, 34275
$18,050,000
Ellen Vincent
Luxury Properties Specialist
William Raveis Real Estate
Phone: 203.313.8862
Ellen.Vincent@raveis.com
Matthew DeMaria
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 845.290.3871
Matthew.DeMaria@raveis.com
NMLS Mortgage Loan Originator ID 147983
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $14,440,000 | $14,440,000 | $14,440,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.375% | 6.500% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.961% | 6.613% | 6.435% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $90,087 | $91,271 | $123,812 |
| Total Monthly Payment | $90,212 | $91,396 | $123,937 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388