Two extraordinary, wide water intracoastal lots, side by side - each with 162.5'feet of deep-water frontage. Access the ocean inlet in less than two minutes from this high and dry first time offering. Never before built on, totally virgin soil, perched high and dry by a brand new state-of-the-art 7.5' foot high seawall (the previous wall was only 2.5' feet high--no flooding here!) Plus, a newly installed 18'' state-of-the-the-art drainage system. This is truly a one-of-a-kind opportunity to own the only oversized lots in all of Ocean Ridge, directly on the wide intracoastal. Complete documentation available for your perusal of all phases of development for this property. Purchase as one 325'-foot, 33,400 SF lot for $17,475,000 or separately. Lot 9 $8,850,000 (16,500 SF lot)
Subdivision:
MC CORMICK MILE IN
Lot Description:
1/4 to 1/2 Acre
View Description:
Intracoastal
Amenities:
Bike - Jog, Boating, Clubhouse
Boat Access:
0 to 20 Ft Boat,Electric Available,UP to 30 Ft Boat,UP to 40 Ft Boat,UP to 50 Ft Boat,Water Available
Buyer Broker Compensation:
1.5%
Buyer Broker Compensation is for display purposes only and must be confirmed in writing directly from Listing Broker
9 Sabal Island Drive, Ocean Ridge, FL, 33435
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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