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Prime Waterfront Development Opportunity – Double Lot with 104' of Waterfront near John’s Pass in Madeira Beach! This is a rare chance to secure TWO parcels (sold together, to be combined at closing) in one of the most desirable boating communities on all of Florida’s Gulf Coast. Zoned to allow a duplex or generously sized single-family home, this oversized double lot offers maximum flexibility for a high-end custom build or a lucrative income-producing property. With room for a pool and plenty of premium outdoor living space, the possibilities are endless. This site features 104 feet of deep waterfront, THREE private docks, and quick access to the Gulf, making it a standout property for buyers seeking luxury coastal living and truly, the Ultimate Boater's Dream. Just one canal north of iconic John’s Pass Village and Boardwalk, residents will enjoy kayaking or paddle-boarding to the sand bar, a quick run to Egmont Key, or spending the day offshore fishing on some of the best waters Florida has to offer. Located within walking distance to the beach, shops, restaurants, and entertainment, this property offers the lifestyle today’s buyers crave—with the added bonus of being centrally located to Tampa International Airport, downtown St. Pete, and Tampa Bay's booming sports and cultural scene. With only one neighboring residence and a waterfront footprint rarely seen at this price point, this is a high-potential build site being offered below land value. Whether you’re building to sell, rent, or hold, this is the kind of opportunity that delivers long-term upside and immediate appeal. This property is being shown by Appointment Only. Please call the listing agent to schedule your appointment and claim your piece of Paradise today - Life is Short, Build the Beach House!
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $759,200 | $759,200 | $759,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.961% | 6.764% | 6.666% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,736 | $4,861 | $6,613 |
Total Monthly Payment | $4,828 | $4,953 | $6,705 |
* 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.