MOTIVATED SELLER! PRICE IS FOR HOMESITE ONLY. Premium Park Shore Western exposure location, boasting direct western water views from this custom homesite. This is a boaters dream lot. Quickly access Venetian Bay, head South through Moorings Bay, and then access the Gulf of Mexico via Doctors Pass. Your new masterpiece will be in good company on this highly desirable & scarce parcel. Fine dining, shopping, and conveniences abound nearby to this demand location. Fifth Ave South, Third St South, Venetian Village and Waterside Shops are all within a few miles of, what could be your brand new dream home! Residents may also enjoy the availability of voluntary membership to the popular and private Park Shore Beach Park. Proposed buildout being offered, and priced separately. Introducing the St Barts plan offered by Alair Homes and designed by JMDG Architecture. This luxurious modern design complements the lush tropical environment. The St Barts plan offers 4 bedrooms and 5 bathrooms, a large upper level game room and entertainment area. The extra wide sliding glass doors will lead you from the indoor living area to the large lanai, outdoor kitchen and pool oasis. 7208 sq ft total with 4586 sq ft under A/C. 3 car garage and plenty of storage. Impact rated windows, doors, and lanai storm shutters. **There is still time to make your own personal selections with the assistance of our expert interior designers! This floor plan is an artist’s rendering of the proposed plan. Plan may need modified to accommodate city requirements and the lot dimensions. Alair Homes is a luxury custom builder, anything is possible! SELLER HAS NO AFFILIATION WITH ALAIR HOMES. BUYER IS UNDER NO OBLIGATION TO BUILD WITH ALAIR HOMES.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,300,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,440,000 | $3,440,000 | $3,440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.250% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.360% | 6.956% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $22,312 | $21,181 | $30,441 |
Total Monthly Payment | $22,437 | $21,306 | $30,566 |
* 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.