Discover your slice of paradise on this pristine beachfront property, where the gentle lull of waves and the warm Florida sun await. This vacant lot, zoned for multifamily development, offers a rare opportunity to create your dream coastal retreat or a lucrative investment.
Imagine waking up to breathtaking views of the Gulf of Mexico, with your own private stretch of sandy shore extending to the mean high tide line. Whether you're envisioning a family compound or a collection of vacation rentals, this property provides the perfect canvas for your aspirations.
Just a stone's throw away, you'll find the natural beauty of Stump Pass Beach State Park, offering endless opportunities for outdoor adventures and serene moments in nature. Picture yourself strolling along unspoiled beaches, spotting local wildlife, finding shells and sharks teeth or simply basking in the tranquil atmosphere of this coastal gem.
This property is not just a piece of land; it's a gateway to the laid-back Florida lifestyle. With zoning that allows for short-term rentals, you have the flexibility to create a personal haven or a income-generating property. The possibilities are as endless as the horizon stretching before you.
Ready to build, this lot is primed for your vision to take shape. Whether you're dreaming of a modern coastal masterpiece or a charming beach bungalow, the canvas is yours to paint. And let's not forget the potential for some friendly competition with the sandcastle builders on your very own beach!
Don't let this opportunity slip through your fingers like sand. Your future in the sun is calling – will you answer?
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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 | $1,600,000 | $1,600,000 | $1,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.876% | 6.725% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,245 | $10,378 | $13,938 |
Total Monthly Payment | $10,370 | $10,503 | $14,063 |
* 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.