Priced to sell! Embrace the allure of coastal living on this extraordinary oversized vacant lot, offering panoramic views of the majestic Atlantic Ocean and pristine white sandy beaches, and newly constructed seawall 2024. Situated on the most prestigious street in New Smyrna Beach, this coveted property awaits your vision to create the ultimate beachfront oasis. Imagine waking up to the soothing sound of waves crashing against the shore and basking in the golden hues of sunrise over the horizon. With renderings already completed, your dream of a custom-built beachfront home is closer than ever to becoming a reality. This exclusive property resides outside the city limits of New Smyrna, adhering to the building regulations of Volusia County. This translates to fewer restrictions and greater flexibility, allowing you to explore endless possibilities for your new home design. Anticipate the completion of a seawall in 2024, adding an additional layer of protection and enhancing the value of this prime waterfront location. Now is the opportune moment to seize this rare chance to craft your own coastal haven in one of Florida's most coveted beach destinations. Don't miss out on this extraordinary opportunity to live the beachfront lifestyle you've always envisioned.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,100,000
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 | $1,680,000 | $1,680,000 | $1,680,000 |
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 | $10,757 | $10,896 | $14,750 |
Total Monthly Payment | $10,882 | $11,021 | $14,875 |
* 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.