Discover the perfect canvas for your island retreat with this exceptional double lot located just off Stringfellow Road in a well-established neighborhood on picturesque Pine Island. Spanning a generous area, this partially cleared lot offers an unparalleled opportunity to create your DREAM HOME OR incoming producing DUPLEX in one of Florida's most serene and sought-after locations. With ample space to design and build your ideal island residence, you'll have room for outdoor living and lush landscaping. Nestled in a developed neighborhood, this lot provides a sense of community while maintaining the tranquility of island life. Enjoy easy access to Stringfellow Road, connecting you to local shops, dining, and essential services. Surrounded by the island's stunning natural landscapes, you'll find endless opportunities for boating, fishing, and exploring nearby nature preserves. Embrace the island lifestyle with this rare double lot offering the perfect blend of convenience, community, and natural beauty. Whether you're envisioning a cozy cottage, a modern family home, or a luxurious retreat, this property provides the space and flexibility to bring your vision to life. Don't miss this unique opportunity to create your paradise on Pine Island. Located in a X500 flood zone meaning no flood insurance will be needed for a loan, high and dry! This lot can be bought together with 4 other owner's lots as a package deal, 5 lots total!!! Contact your favorite Realtor for more information.
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Our Executive Mortgage Banker:
Our Insurance Division:
$31,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $24,800 | $24,800 | $24,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $165 | $163 | $209 |
Total Monthly Payment | $240 | $238 | $284 |
* 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.