Discover your dream waterfront oasis on this extraordinary 0. 5-acre lot in the exclusive neighborhood of Marco Island Estates. Boasting a prime location with seamless Gulf access and no bridges to navigate, this extraordinary property epitomizes the quintessential Florida lifestyle. With an expansive 125 feet of waterfront, it doesn't just provide stunning views but also ample room for a generous dock or boat lift, or both! The former structure has been cleared, leaving behind a seawall and dock, laying the groundwork for your architectural vision to flourish. Spend your days cruising the shimmering Gulf waters, exploring hidden coves, and fishing to your heart’s content. With no HOA/CDD fees or rental restrictions, you have the freedom to create your personal paradise or invest in an income-generating property. Embrace the Florida lifestyle, build your dream home, and make Marco Island your own. Seize this exceptional opportunity today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,485,000
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 | $1,988,000 | $1,988,000 | $1,988,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,729 | $12,729 | $17,455 |
Total Monthly Payment | $12,854 | $12,854 | $17,580 |
* 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.