Discover this incredibly unique over-sized building lot in the highly sought-after South Gulf Cove community. For those looking to maximize privacy and tranquility, this is the lot for you. Surrounded by water on both the left side and rear of the lot, you can enjoy water views from multiple angles as well as minimize neighbors. Standard lots in South Gulf Cove are 80 feet wide, but this lot boasts 93 feet of width along the rear property line. Combined with another 125 feet along the Southern lot line, you will enjoy a total of 218 feet of water frontage. This
freshwater canal is loaded with fish and will create a quiet, tranquil environment to relax by. Another incredible feature of this lot is its elevation. According to the county GIS, this lot has an 8. 8 foot elevation above sea level. Most lots in South Gulf Cove require 2-3 feet or more of fill dirt, which can cost $30, 000-$40, 000 or more in development costs. (This can easily be verified by checking with local builders) This lot is in the AE flood zone, meaning you would have to build the lot up to 9 feet. At already 8. 8 feet, minimum fill is required. You also can't beat the exposure, as this is a West facing property. The sunsets are amazing and your pool will stay warm in the afternoon sun. South Gulf Cove is a rapidly growing boating community, is close to beaches, boat ramps, restaurants, golf courses and much more. It is also home to abundant wildlife and is considered a bird sanctuary. All utilities are available at the site including electricity, city water, city sewer and high speed fiberoptic internet.
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Our Executive Mortgage Banker:
Our Insurance Division:
$119,900
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 | $95,920 | $95,920 | $95,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $638 | $638 | $809 |
Total Monthly Payment | $713 | $713 | $884 |
* 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.