GULF ACCESS "SAILBOAT" SOUTH-FACING WATERFRONT lot in South Gulf Cove, an upscale community offering boating access to the Gulf of Mexico.
This property features an 80’ seawall and a managed community lock system already in place to manage the canal water level so there is no added expense of construction.
Unlike the other waterfront lots for sale in the community, “Sailboat lots” have no fixed bridges between your property and the Gulf of Mexico. Most bridges in South Gulf Cove have a clearance of approximately 9 feet, so if the overall height of your boat exceeds 9 feet, you may be landlocked. You can still enjoy the 55 miles of canals that South Gulf Cove has to give, but will be unable to reach the Interceptor Lagoon or The Gulf of Mexico without putting your boat in the water at another location.
This property is not in a Scrub Jay Zone and all utilities, including municipal water and sewer are available.
There is a voluntary HOA fee of $120. 00 each year.
South Gulf Cove also offers parks, bike paths, a recreation center and a very active community. If Golfing is your passion, South Gulf Cove is close to numerous golf courses including Riverwood, consistently rated as one of the top courses in FL.
Fishing, Sightseeing, and Waterfront Dining at many of the local restaurants are all possibilities. Shopping and restaurants are just minutes away, as are the beautiful beaches of Boca Grande, Gasparilla Island, Englewood & Manasota Key.
Nearby Schools are:
Myakka River Elementary
L. A. Ainger Middle School
Lemon Bay High School
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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 | $196,000 | $196,000 | $196,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,304 | $1,303 | $1,653 |
Total Monthly Payment | $1,379 | $1,378 | $1,728 |
* 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.