Build your dream home on this oversized waterfront lot situated on a third of an acre on a quiet cul de sac in the deed restricted community of Burnt Store Lakes with 160 feet of water frontage on Osprey Lake. Homes on either side are on oversized lots which create an open and expansive view of the waterway and extra space between you and your neighbors. You can create your own private tropical sanctuary. This spot is perfect for the nature lover, boat enthusiast, bird watcher, fisherman, or kayaker. Burnt Store Lakes is a deed restricted community designed for those who appreciate the open expanses of greenbelts, lakes, and waterways throughout the community. The deed restrictions prevent any detached buildings ensuring the "open" feel of the neighborhood. Community amenities include walking and biking paths, kayak ramp, public water and sewer, community park, playground, and picnic area. Plus, you are only minutes to Burnt Store Marina with public restaurant, deep water marina, and shops. Proximity to local waterways and beaches, dining, shopping, and golf courses makes this property ideal for the Florida lifestyle. You are a quick drive to historic downtown Punta Gorda and popular Fishermen’s Village with quaint shops and cafes. Quick access to Interstate 75 with Tampa and Sarasota to the North and Fort Myers/Cape Coral and Naples to the south. Great location in a great community.
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Our Executive Mortgage Banker:
Our Insurance Division:
$75,000
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 | $60,000 | $60,000 | $60,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $399 | $399 | $514 |
Total Monthly Payment | $474 | $474 | $589 |
* 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.