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This beautiful canal-front residential lot on Palometa Drive is located in the highly desirable, deed-restricted boating community of Hernando Beach South, along Florida’s Nature Coast. The lot spans approximately 7, 500 square feet and offers 75 feet of water frontage, providing direct backyard access to the community's wide canal system and a short ride to the Gulf of America via a community-maintained boat lift. Zoned R1B – designated for single-family residential homes only, supporting peaceful, low-density living.
No short-term rentals allowed – preserving the integrity and tranquility of the neighborhood.
Located in a flood zone– elevated construction is required, as is typical for waterfront homes in this coastal region.
Public utilities – water, sewer, and electricity available at the street.
No seawall currently installed – a blank canvas for designing a dock or lift to suit your boating lifestyle Hernando Beach Sou is a golf cart-friendly neighborhood known for its tight-knit, relaxed coastal atmosphere. Enjoy access to a private community boat ramp, allowing for easy launch and recovery of your watercraft. Dolphins, manatees, and coastal birds are regular visitors in the area’s scenic waterways. Just a short cart ride or walk to local waterfront restaurants, including seafood spots, tiki bars, and sunset views. Close to natural preserves like the Weeki Wachee Springs and Weeki Wachee Preserve, offering hiking, kayaking, and eco-tourism. This lot is an ideal opportunity to design and build your dream waterfront home in one of Florida’s most peaceful and scenic boating communities.
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Our Executive Mortgage Banker:
Our Insurance Division:
$80,900
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 | $64,720 | $64,720 | $64,720 |
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% | 7.025% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $409 | $425 | $542 |
Total Monthly Payment | $484 | $500 | $617 |
* 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.