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A UNIQUE OPPORTUNITY to purchase a LEVEL, GENEROUSLY SIZED BUILDABLE LOT in the highly desirable Monte Cristo neighborhood located in sought-after Tierra Verde. The lot measures 80’ in width and has a depth of 133’, so there is plenty of space to build a fabulous island home with a backyard oasis and expansive lanai, pool and spa. And with base elevations throughout the island of 8-10 feet above sea level, Tierra Verde is much more elevated and protected than its neighboring beach communities. There is a newer quality home on the left of the lot built by David Weekley Homes in 2018, and a newly renovated home to the right, adding extra value to any property to be built. The island is a boater’s delight – with two marinas, boat storage and boat rentals – you have Gulf access within just minutes, whether you own or rent your vessel! The coveted island is slightly off the beaten path and free of the hubbub and traffic of downtown, yet within minutes of award-winning St. Pete Beach, 30-40 minutes from two international airports via I-275 and just a short drive to downtown St. Pete with its cultural attractions, entertainment, sports venues and award-winning restaurants. Fort DeSoto, an 1100-acre park offering sugar sand beaches, camping, kayaking and miles of nature trails, is located at the southern tip of the island and within biking distance. Tierra Verde also has its own array of top-rated restaurants within walking, biking or golf cart distance … ranging from delicious fresh seafood to Northern Italian pastas, and brick oven pizza to French cuisine. Don’t let this opportunity pass you by. There are very few lots left on this island paradise!
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Our Executive Mortgage Banker:
Our Insurance Division:
$549,500
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 | $439,600 | $439,600 | $439,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.303% | 6.510% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,779 | $2,962 | $3,769 |
Total Monthly Payment | $2,871 | $3,054 | $3,861 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.