Welcome to the waterfront community of South Gulf Cove. Located in the western side of Charlotte County, South Gulf Cove offers 55 miles of waterways enhancing the 15, 000 homesites and many amenities! 5-6' depths in the canals all year and the few bridges in the community with 9-10' clearance prove a quick trip to the gulf through a lock system. (5 air miles to the Gulf of Mexico) Having a VOLUNTARY HOA ($120 yr) you will enjoy the benefits of deed restrictions, a clubhouse, boat ramp, kayak launch, playground, picnic facilities, a learning garden, fitness trail and in 2023 we will have pickle ball courts! After submitting to an Architectural Review committee, you are able to build the home of your dreams. This expansive 15, 000 sf + tip lot will give you plenty of room to enjoy the waterfront as you are intended to. New builds currently happening on the street and a few established homesites, this proves to be a great area to build. Homes currently on the market in the neighborhood are ranging from the high 300's to the high 600's. You are within 15-20 minutes to the Gulf beaches and groceries are about 10 minutes away. The Punta Gorda Airport is about 40 minutes away while Fort Myers Regional Airport is about an hour and 15 minutes south. Come see why so many want to come here. . . . They aren't making any more waterfront so this proves to be a great investment here in paradise.
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Our Executive Mortgage Banker:
Our Insurance Division:
$149,999
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 | $119,999 | $119,999 | $119,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $798 | $798 | $1,029 |
Total Monthly Payment | $873 | $873 | $1,104 |
* 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.