This expansive waterfront lot, located in the best neighborhood in the world, Riviera Bay, offers nearly 200 feet of prime waterfront, making it one of the best waterfront properties in all of St. Petersburg! Recently, two nearby lots with less waterfront sold for $1, 250, 000, highlighting the incredible value of this opportunity.
Yes, the current home was affected by Hurricane Helene, but all architectural drawings and necessary bids have already been completed. The plans are now awaiting approval, giving you the flexibility to either build your dream home from the ground up or move forward with the plans to raise the existing structure.
This property comes with a brand-new pool, multiple tiki huts for outdoor entertaining, and two boat lifts, offering ample space for all your waterfront toys. Set in the vibrant Riviera Bay community, you'll enjoy a lifestyle rich with amenities, including a community boat ramp, parks, golf cart parades, the iconic Christmas Eve boat parade, and streets beautifully lined with American flags during the 4th of July and special weekends.
This is a rare chance to own a spectacular waterfront lot in a community where "It's always a great day in Riviera Bay!"
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,400,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,120,000 | $1,120,000 | $1,120,000 |
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 | $7,610 | $7,610 | $7,610 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,171 | $7,171 | $9,834 |
Total Monthly Payment | $14,906 | $14,906 | $17,569 |
* 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.