Now is the time to buy your own slice of PARADISE in Sanibel Island! Don't miss the amazing drone footage in the tour link! This . 74 ACRE MOL, BUILDABLE property is SIX LOTS combined creating a BEAUTIFUL WOODED, CORNER LOT in a friendly, quiet neighborhood tucked away off of the main road. This area still has the charm of old Sanibel with the white, crushed-shell roads preferred by the locals and is dotted with beautiful
custom homes that enjoy exclusive privacy with the island life so nearby. Better yet, this lot has already gone through extensive permitting, plan review and approval with the City of Sanibel. See surveys, inspections, reviews and plans for pictured renderings that are available by Jennifer Garcia Architectural Studios, LLC on the My Sanibel portal. So much of the labor is already done for you so this lot is ready for your dream home
to be built! Close to Jerry’s Market and Café, fabulous restaurants like Traders and Doc Ford’s and the pristine Gulfside City Beach Park (known as Algiers Beach locally) that you will have endless things to do on lazy, breezy, tropical days filled with sunshine and shells. Speaking of shells – Sanibel is also home to the National Shell Museum and Aquarium and endless art galleries, quaint shops and parks. You won’t find a single red light on this low-key island so hop on a bike and hit the 25 miles of bike trails and find your favorite spot on the 15 miles of sandy beaches! Nature lovers will never tire of the island that boasts over 50 types of fish, 230 types of birds and 250 kinds of shells! The island is building and planning for a stronger future than ever before. Prices are likely to skyrocket with all of the new redevelopment. Buy your own oasis today so you can be a part of Sanibel’s sunny future! Or invest in the future potential of this unique property on this one-of-a-kind vacation destination island!
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Our Executive Mortgage Banker:
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$425,000
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 | $340,000 | $340,000 | $340,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,348 | $2,260 | $2,867 |
Total Monthly Payment | $2,423 | $2,335 | $2,942 |
* 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.