Very motivated seller. Just reduced drastically by $50, 000. (Seller Finance Available) This exceptional home site in the exclusive gated community of Rum Cove, located on the North end of Palm Island, offers unparalleled lagoon and beachfront Gulf views. Here's what makes it stand out:
Prime Location: Situated within the gated community of Rum Cove, this home site boasts some of the finest views in all of Southwest Florida, overlooking Stump Pass and the Gulf of Mexico. Its exclusive location behind the private gates of Palm Island Resort adds to its allure and privacy.
Rare Opportunity: With only nine exclusive home sites available, opportunities to own property in Rum Cove are rare. The scarcity of these lots enhances their desirability and exclusivity.
Waterfront Living: This over half-acre home site features a fishing pier already in place on a lagoon, providing opportunities for fishing and waterfront enjoyment. Additionally, there's a first-come community dock located at the North end of the island on the Intracoastal/Stump Pass, offering further access to water activities.
Utilities and Amenities: The lot offers underground utilities, ensuring a clean and unobstructed view. Residents also have access to a range of amenities through Palm Island Resort, including an on-island restaurant, rentals for golf carts, fitness center, tennis pro, massage therapy, and more. These amenities enhance the overall lifestyle experience for residents of Rum Cove.
Private and Exclusive: Palm Island Resort is a private and exclusive golf cart resort, providing a secluded retreat for residents seeking privacy and relaxation. The gated community adds an extra layer of security and exclusivity, ensuring a peaceful and serene living environment.
Overall, this home site in Rum Cove offers the opportunity to build a dream home in a truly exceptional setting, surrounded by breathtaking views and luxurious amenities. Whether as a primary residence or a vacation retreat, it promises a lifestyle of tranquility and indulgence in one of Southwest Florida's most coveted locations.
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Our Executive Mortgage Banker:
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$400,000
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 | $320,000 | $320,000 | $320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,129 | $2,127 | $2,744 |
Total Monthly Payment | $2,204 | $2,202 | $2,819 |
* 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.