AMAZING LOT TO BUILD YOUR DREAM HOME!!! Unlock the potential of this Prime 60' x 95' SF home LOT situated on a High Income WEEKLY RENTAL ZONED STREET. Located in the heart of Fort Myers Beach, this is the chance to build your own ELEVATED custom investment property. Walking distance to the Sugar Sands of FMB. Just imagine sitting on the Elevated deck of your newly built 2 story or 3 story home enjoying the canal views from across the street, while sipping on the beverage of your choice. This blended use property, sold as lot value, boasts dimensions of 60 x 95 +/- and is perfectly situated to fulfill your island getaway dreams while offering an outstanding location and weekly income. Enjoy picturesque canal views, and the convenience of being just a short walk from the beach. The excellent mid-island location means you’re close to shopping, dining, and all the vibrant waterfront actictivites that FMB is known for.
Builder renderings are available. Builder introductions are available. Under construction homes nearby can be viewed to see examples of perfect homes that can be built on the Lot. Don’t miss your chance to invest in this thriving area—turn your vision into reality with this remarkable slice of paradise.
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Our Executive Mortgage Banker:
Our Insurance Division:
$699,000
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 | $559,200 | $559,200 | $559,200 |
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 | $284 | $284 | $284 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,720 | $3,717 | $4,795 |
Total Monthly Payment | $4,096 | $4,093 | $5,171 |
* 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.