This is a 1/2 acre cleared residential lot with a long south-facing greenspace view! 129 ft deep in the middle with 310 ft of front footage offers room to build in the center with extra BUFFERS on the sides. Combined from two adjacent lots, the Seller has surveys of both lots and a proposed design from a local builder. This is NOT in the FLOOD ZONE! Build your custom home in a growing community with city water and sewer, appealing deed restrictions, a community park and kayak ramp out to Charlotte Harbor. Quick access to Burnt Store Rd and shopping in nearby Punta Gorda or Cape Coral. And just a golf cart’s ride to Burnt Store Marina with amenities you can join like tennis and pickleball, Platinum Point Yacht Club, Freedom Boat Club, and a challenging Executive 27 hole golf course. Take advantage of boat storage for immediate access to Charlotte Harbor and the Gulf. Enjoy delicious meals and entertainment in the 3 onsite restaurants – CassCay by the water, Linkside at the golf course and Trading Post by the Harbormaster. Don’t buy a builder’s spec home when you can design your own on this oversized lot!
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William Raveis Real Estate
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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 | $51,120 | $51,120 | $51,120 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.159% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $344 | $340 | $438 |
Total Monthly Payment | $419 | $415 | $513 |
* 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.