Welcome to your Gulf Coast paradise! This exceptional property offers direct access to the Gulf of Mexico via the picturesque Mud River, boasting 60 feet of prime waterfront along a brackish canal. The Mud River, a natural Florida gem, originates from the Mud River Spring and converges with the Weeki Wachee River, creating a seamless flow into the Gulf of Mexico through the Bayport Channel.
Situated in the Palm Bay Colony, residents here enjoy a unique community pool experience at Little Salt Spring, a natural spring perfect for tubing or kayaking, creating an atmosphere of unparalleled enjoyment and relaxation. The brackish canal, a harmonious blend of Gulf saltwater and local freshwater from natural springs, sets the stage for diverse aquatic adventures.
As the proud future owner, it's essential to conduct due diligence, including inspections, to ensure this property aligns with your vision. Please note that the provided street address is an estimate, and verification with the county is advised.
Embrace the Gulf Coast lifestyle by seizing the opportunity to build your dream home in this idyllic setting. With no fixed bridges along the brackish canal, you have unobstructed passage to the Gulf, where you can witness dolphins and manatees gracefully swimming in the backdrop of your own private haven.
This Gulf Coast Fishing lot is a haven for anglers, offering unparalleled opportunities to catch redfish, snook, and snapper. Whether you're an avid fisherman or simply seek the tranquility of coastal living, this lot is the perfect canvas to realize your Gulf Coast Fishing Home. Don't miss the chance to make this slice of paradise your own!
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Our Executive Mortgage Banker:
Our Insurance Division:
$175,000
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 | $140,000 | $140,000 | $140,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $931 | $930 | $1,181 |
Total Monthly Payment | $1,006 | $1,005 | $1,256 |
* 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.