GULF FRONT LOT! . 29 acres of pristine Fort Myers Beach property. 73 feet of gulf frontage. .
(73 x 169 x 78 x 163). This lot has been in the same family for 30 years. So, this RARE opportunity to build your dream home, with rental potential as well could be yours. The great location of this lot is buffered and is one lot in off of Estero Blvd in a charming neighborhood area of Fort Myers Beach. It is located at the southern part of the Beach around the 6000 block of Estero Blvd, near Santina Plaza yet close enough to the fun of downtown Fort Myers and all of the wonderful renovations that will elevate this quaint beach town to its next level. It still has the small beach town feel but with newer construction and styles to support a great relaxing Florida vibe. Listing agent is currently working to get renderings from a respected builder to show what can prospectively be built on this lot. We will also have a proforma to show you the potential rental income. Contact us today to learn more about this amazing opportunity!
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Our Executive Mortgage Banker:
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$3,100,000
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 | $2,480,000 | $2,480,000 | $2,480,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.250% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.360% | 6.956% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,085 | $15,270 | $21,946 |
Total Monthly Payment | $16,210 | $15,395 | $22,071 |
* 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.