An exceptional opportunity to build your dream home on a prime lot boasting breathtaking views of Boca Ciega Bay with just under 100 feet of waterfront! In the sought-after St. Pete Beach area, this property offers the ideal coastal lifestyle, just moments from white sandy beaches, vibrant local dining and world-class amenities. The property features a renovated dock that is excellent for boating enthusiasts. Upgraded with durable Trex decking and new posts, the dock includes a 10, 000-pound boat lift, two additional lifts for jet skis or kayaks, and water and electric supply, making it the ultimate waterfront escape. While the home on the property was beautifully renovated in 2018, it sustained water damage during Hurricane Helene and will require remediation and renovation. The property is being sold as-is, presenting a unique chance for a new owner to reimagine the space or build a custom residence in a premier location. Don't miss this rare opportunity to own a slice of paradise with unparalleled bay views and endless potential.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,900,000
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 | $1,520,000 | $1,520,000 | $1,520,000 |
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 | $1,266 | $1,266 | $1,266 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,733 | $9,859 | $13,346 |
Total Monthly Payment | $11,124 | $11,250 | $14,737 |
* 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.