Nestled along the prestigious Bayshore Blvd in South Tampa, this property presents an exceptional and rare opportunity. Spanning an expansive 2. 3 acres, this waterfront gem offers a remarkable 199 feet of open bay frontage, providing breathtaking views of Hillsborough Bay. Boasting a highly sought-after location, this is more than just a property; it's a rare opportunity to own or develop a piece of South Tampa's prestigious Bayshore Blvd. The scarcity of land of this size in such a prime location enhances the property's appeal. Beyond the potential for development, residents will enjoy proximity to fine dining, shopping, top-rated beaches, downtown and various amenities. The rarity of such a sizable lot, 100, 225 sqft, 281 front x 541 north x 383 south x 199 water, (measurements taken from boundary survey completed on 11/2023), in this coveted area makes this a once-in-a-lifetime chance for prospective homeowners & developers alike. For further details or to schedule a private viewing.
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$17,000,000
William Raveis Real Estate
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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 | $13,600,000 | $13,600,000 | $13,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.250% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.360% | 6.956% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $88,209 | $83,738 | $120,348 |
Total Monthly Payment | $88,334 | $83,863 | $120,473 |
* 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.