Under Construction. Take advantage of the rare opportunity to purchase a new home under construction by Tampa Bay’s premier luxury home builder Boss & Mennie in the desirable neighborhood of Yacht Club Estates. Soak up all the fun and relaxation of being beachside while at the same time having access to vibrant downtown St. Petersburg in less than 10 minutes. The lot offers 118-ft of newly constructed seawall with deep water that can accommodate a boat of any size. For a boater, the location cannot be beat. The Gulf of Mexico, Blinds Pass, Pass-a-grille, Johns Pass, Shell Key, Eggmont Key, Fort DeSoto and the St. Pete Pier are all at your immediate disposal. From your pool, patio, and second floor terraces, your family and guests will enjoy countless open water views of the Boca Ciega Bay, Treasure Island, and stunning Gulf of Mexico sunsets. As with all Boss & Mennie homes, no expense will be spared. Everything has been custom designed to the finest of detail both aesthetically, architecturally and structurally. When completed, this residence will be a timeless representation of the Florida Beach lifestyle with the accompaniments of modern luxury amenities. The anticipated date of completion is summer of 2025. Early construction pricing is available, and the purchase options are flexible. There is still time for the Buyer to pick finishes and add certain levels of customization to the home. We hope that you take advantage of this great early construction deal and all that the beach has to offer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,995,000
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 | $3,996,000 | $3,996,000 | $3,996,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $570 | $570 | $570 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $25,587 | $25,918 | $35,085 |
Total Monthly Payment | $26,282 | $26,613 | $35,780 |
* 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.