Under contract-accepting backup offers. Located in the charming WATERFRONT COMMUNITY of Gulf Cove, this OVERSIZED CORNER LOT offers a unique opportunity to build your Florida dream home or secure a valuable investment. Situated just off the Myakka River, which flows into Charlotte Harbor, this property provides easy access to the Gulf of Mexico, making it ideal for BOATING and FISHING enthusiasts. With CITY WATER, ELECTRICITY already available, and an OPTIONAL HOA fee of just $65 per year, you’ll enjoy access to the community boat ramp, playground, waterfront park, and docks. Gulf Cove is a NON-DEED RESTRICTED community, giving you the freedom to create a home that suits your lifestyle without the constraints of strict regulations. The neighborhood is experiencing growth, with many brand-new homes being built, adding value and appeal to the area. You’ll find yourself just minutes away from excellent shopping, dining, golfing, and some of Florida’s most stunning beaches, including the world-renowned Englewood and Boca Grande beaches, only about 11 miles away. For sports fans, the location is also a dream come true, with two professional baseball teams, Tampa and the Atlanta Braves, hosting their Spring Training nearby. This tranquil residential neighborhood is perfect for those who appreciate quiet streets, native wildlife, and the breathtaking Gulf Coast sunsets. Whether you’re looking to build your ideal home or make a smart investment, this lot in Gulf Cove presents a fantastic opportunity to bring your dreams to life.
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Our Executive Mortgage Banker:
Our Insurance Division:
$34,000
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 | $27,200 | $27,200 | $27,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 5.990% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.470% | 6.161% | 5.248% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $165 | $163 | $215 |
Total Monthly Payment | $240 | $238 | $290 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.