Rare New Smyrna Beach opportunity to purchase a direct oceanfront property and build your own custom designed generational, family beach house. This premier oceanfront lot is perfectly positioned in a premier location on the no-drive section of New Smyrna Beach just south of Sandpiper condominiums. This deep “raw land” (approx. 0. 41 of an acre) lot enjoys 75 feet of ocean frontage and ready to build on. Enjoy all the wonderful waterfront amenities living on the Atlantic Ocean with the New Smyrna area parks, shops and fabulous restaurants. Start your day with breathtaking sunrises and end your day with just as impressive sunsets. Walk or bike the quiet beach that dead ends to the national seashore park (an approx. 7-mile stretch of state-owned oasis with parks, boat ramp into the intercoastal waterways, etc) just about 3 miles south and thoroughly enjoy all that the white sandy beach life has to offer. City water and sewer services available. NOTE: Included with the sale is a nearly permitted set of plans for close to a 4, 00-square-foot “coastal-style” residence, almost 6, 400 square feet under roof, (which has taken over 3 years to get to this point) that a buyer could start construction on in 2024 vs. starting the long, arduous process from scratch. Please inquire with listing agent(s) for further details. Proposed plans and current survey attached on MLS (soils reports available for interested parties). Of course, buyer’s could build something different, larger or smaller, as the home designed is simply the easiest path to permit and start construction ASAP. Also, a seawall and/or pool is permissible (to be confirmed during buyer’s due diligence).
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,595,000
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 | $1,276,000 | $1,276,000 | $1,276,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.799% | 6.989% | 7.102% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,489 | $8,382 | $11,380 |
Total Monthly Payment | $8,614 | $8,507 | $11,505 |
* 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.