Here is your GOLDEN Opportunity to build your ultimate dream home and live the lifestyle you've always wanted. Enjoy the BEST OF BOTH WORLDS with this intercoastal canal lot, just a short walk to the beach! Wake up to beautiful sunrises from your backyard and unwind with an evening walk to catch glorious sunsets. Entertain friends and family with boat rides up and down the intercoastal, stopping at one of many local restaurants, bars and shops. John's Pass is just a mile away! This is one of the very last vacant lots to be found in the stretch of Florida's Gulf Coast. This lot is situated on a short canal that opens up to Boca Ciega Bay, where you can see dolphins, enjoy fantastic fishing, waterskiing and so much more! AND this lot is less than a quarter of mile to the beach. If you can't decide between beachfront or intercoastal, why choose? You can have both with this perfectly situated waterfront property. Make your dreams a reality right here in Madeira Beach!
**Only lot 16 is available for sale. Taxes to be determined upon sale (current tax bill is for the home and combination of lots 16, 17, and 1/2 of 18 - tax amount entered for this lot is an estimate)
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$1,100,000
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 | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,635 | $5,708 | $7,726 |
Total Monthly Payment | $5,760 | $5,833 | $7,851 |
* 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.