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Waterfront Fixer-Upper – Direct Gulf Access! Welcome to 5319 Ray Drive, Weeki Wachee, Florida, a one-of-a-kind waterfront property located on a quiet cul-de-sac. This home sits on a canal with direct access to the famous Weeki Wachee River and the Gulf of Mexico, offering the perfect setting for kayaking, fishing, and boating right from your backyard in one of Florida’s most scenic waterfront communities! This unique home features 2 bedrooms/flex room and 1 bath on the main level, plus an upper-level addition with a private 1-bedroom suite, walk-in closet, bath, and kitchenette—perfect for guests or rental potential. A private balcony upstairs offers picturesque views of the water and surrounding nature. The outdoor space is designed for waterfront living, complete with a 50-foot walking seawall, private boat dock, carport, and patio, making it an ideal place to relax and enjoy the serene setting. Prime Location with Direct Gulf Access just minutes from Rogers Park, Pine Island Beach, and Weeki Wachee Springs State Park, home of the world-famous mermaid show. Conveniently close to schools, shopping, restaurants, medical facilities, and major attractions, with an easy commute to Tampa and Orlando. While the home has been affected by hurricane flooding and requires repairs, it presents a rare opportunity to create your dream waterfront retreat. Don’t miss your chance to own a piece of paradise with direct access to the Weeki Wachee River and the Gulf of Mexico!
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Our Executive Mortgage Banker:
Our Insurance Division:
$344,900
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 | $275,920 | $275,920 | $275,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.152% |
Monthly Tax Payment | $327 | $327 | $327 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,744 | $1,813 | $2,310 |
Total Monthly Payment | $2,146 | $2,215 | $2,712 |
* 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.