Keep your boat in your backyard on this deep waterfront canal! This is your chance to build your dream home on a canal lot with direct access to Indian River Lagoon! Located in the highly sought-after South Waterfront Park neighborhood of Edgewater, Florida. This property offers a solid, 50 foot concrete seawall and paid impact fees. You can start building immediately with public water, sewer, and electricity connections already in place. Enjoy the benefits of waterfront living with exclusive canal access. High-end homes are already being built within the community. Just a short boat cruise to world class fishing at Mosquito Lagoon or a sunny ride to Ponce Inlet and Disappearing Island, JBs fish camp and more. Catch tarpon, snook, trout and redfish from your backyard! Edgewater is growing quickly and this is a highly desirable canal front community. Conveniently located near New Smyrna Beach and Cape Canaveral. This lot offers the best of Florida living – a peaceful retreat, easy access to the beautiful beaches and a vibrant pulse of the community. Surrounded by newly built homes, you don’t want to miss this opportunity to create your very own paradise.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
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Our Executive Mortgage Banker:
Our Insurance Division:
$237,000
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 | $189,600 | $189,600 | $189,600 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,261 | $1,260 | $1,626 |
Total Monthly Payment | $1,336 | $1,335 | $1,701 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.