This 1. 12 acre Waterfront property is located directly on the Caloosahatchee River and is in a designated X-FLOOD ZONE (per the county tax records). This flag shaped lot measures 160ft Of River frontage, 227ft deep and has a 50ft wide Driveway that already has the culvert installed, with a 250ft long driveway going into the 160 wide by 227 deep buildable area. This property has a beautiful mixture of Palm trees and old growth oaks. Truly Old Florida living at its very best. The Caloosahatchee River allows any size boat or sail boat to travel across the state. And with the 160' of River frontage the boat of your dreams will fit behind this property. Enjoy the benefits of safe river front living. The public boat ramp and Labelle Yacht Club are just a short boat ride away. The Caloosahatchee River is Maintained by the Army Corps of Engineers as part of the Okeechobee Waterway, which links the Gulf of Mexico to the Atlantic Ocean via Lake Okeechobee and the Lucie Canal and River, Using locks and spillways. This tranquil waterfront property is located in a peaceful, quiet family area consisting of home sites with large acreage and equestrian properties. The zoning is this area requires the lots to be at least one acre to build a home. This is the best priced one acre waterfront property with 160ft of pristine River frontage in the area.
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Our Executive Mortgage Banker:
Our Insurance Division:
$450,000
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 | $360,000 | $360,000 | $360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,187 | $2,187 | $2,845 |
Total Monthly Payment | $2,262 | $2,262 | $2,920 |
* 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.