Prime development opportunity with waterfront access. Discover the epitome of waterfront living on this five-acre parcel nestled along the picturesque Braden River with Australian pines lining the waterway. This rare in town parcel offers 170 feet of seamless navigable waterway access with only one bridge to the Manatee River and access to the Intracoastal and Gulf. Bonus features include a long natural canal into the property for aquatic adventures and storage, a concrete seawall, and to top it off you have a piece of ownership on the island in the middle of the river. You are located a mere three miles from the I-75, ensuring swift access to shopping, dining, and a myriad of amenities along the new 44th Ave East corridor with a direct path to the beach and to Lakewood Ranch once the bridge over I-75 is completed. There is a detached one-car garage on the property that can be utilized as a boat house storage as well as a single-family residence that can be re-fitted as a clubhouse or both can be removed to make way for your luxurious residential or commercial endeavor. Whether envisioning a private sanctuary or a lucrative investment, this five-acre parcel epitomizes the allure of waterfront living. Don’t miss the chance to capitalize on this rare offering in one of the region’s most desirable locations. Schedule your private tour today and explore the boundless possibilities that await.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,650,000
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 | $1,320,000 | $1,320,000 | $1,320,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,452 | $8,561 | $11,590 |
Total Monthly Payment | $8,577 | $8,686 | $11,715 |
* 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.