Prime Gulf Access Canal Lot on Fort Myers Beach with Gorgeous Ocean views & ACROSS from THE BEACH. Huge Rental Income potential with this Oversized Duplex / Single Family parcel with a POOL & SPA on NORTH END of FMB. Perfect for boating enthusiasts, this oversized lot offers breathtaking water views, stunning sunsets, and the chance to design your dream home or income-generating vacation property. Direct access to the Gulf of Mexico. Plenty of Designs and Options to create your CANAL FRONT MULTI-FAMILY Home with a 5 minute boat ride to Gulf of Mexico! Situated just minutes from the lively Times Square, Margaritaville, Nellies, Snug Harbor, restaurants, Marinas and shops. Take advantage of this rare chance to own canal-front property on beautiful Fort Myers Beach and design a coastal retreat tailored to your vision. The opportunity for custom luxury living or lucrative short-term rentals awaits!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,250,000
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 | $1,800,000 | $1,800,000 | $1,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,526 | $11,526 | $15,804 |
Total Monthly Payment | $11,651 | $11,651 | $15,929 |
* 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.