VALUABLE LAND | NEW CONSRUCTION
This 14, 962 sqft piece of land sits on lots 5 and 6 in the Derringers Resub-division. According to the City of Sarasota Building Department you have the flexibility of a complete remodel, add -ons, separate new build or a demolition, but the buyer is responsible for approval. This home is sustainable and in very good shape for a Lido Key original. You see the pics, and what you see is what you get! However, this could also be the PERFECT OPPORTUNITY TO BUILD YOUR FOREVER HOME!!!! Especially, if you are seeking a complete tear down project to design YOUR BRAND NEW LUXURIOUS HOME. Envision your customize home sitting two stories above a multi car garage that protects your classic and/ or vintage cars, or perhaps your luxury and/ or rare cars; along with family water toys like boats, kayaks, etc. YOU CAN BE THE CREATOR TO YOUR NEW HOME with a gourmet kitchen, luxurious bathrooms that can include a spa for some Zen style relaxation. In addition, you have the flexibility to creating trendy bedrooms, or have the royalty add-ons since you are in a Worldly desired location of Lido Key, Florida. YOUR LUXURIOUS HOME PROJECT could fit your idea of outdoor entertainment, home theater comfort, or a roof top extravaganza! Not to mention, there's plenty of space tp customize your home office that has built in smart home technology, and so much more!! Did I mention you are only steps to Lido Beach, a drive over the John Ringling Causeway bridge and you made it to downtown Sarasota. Drive over the Long Boat Key bridge and you made it to the golf courses. You're close to the Sarasota / Bradenton Airport, State College of Florida, Ringling College of Art & Design, University of South Florida, New College, Keiser University, and the IMG Academy. You will also find that you are close to restaurants, entertainment, museums, shopping, art galleries, out door activities, and we have world wide sporting events held at Benderson Park and more! All you have to do is visualize the 14, 962 sqft details of your home in front of a builder, an architect, a developer and an engineer, or just me and I can introduce you to the experts that will make your dream come true!
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,200,000
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 | $2,560,000 | $2,560,000 | $2,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.115% | 7.061% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,247 | $17,032 | $22,831 |
Total Monthly Payment | $17,372 | $17,157 | $22,956 |
* 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.