33 Acres on Upper Manatee River Road – Prime Development Opportunity!
Discover an exceptional 33-acre property on Upper Manatee River Road, featuring 7 acres of breathtaking waterfront along the scenic Manatee River. The remaining 26 acres are conveniently situated right across the street, offering an ideal location for builders and developers to create a beautiful community in this highly sought-after area.
With easy access to the riverfront and expansive space across the road, this property provides the perfect blend of natural beauty and development potential. Whether you envision a luxury residential community, custom estates, or a unique riverside retreat, this site offers endless possibilities for creating an extraordinary living experience.
For more information, including surveys, site plans, and other property details, reach out to the listing agents today. Don’t miss this rare opportunity to shape the future of Upper Manatee River Road and make your investors very happy!
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Our Executive Mortgage Banker:
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$11,000,000
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 | $8,800,000 | $8,800,000 | $8,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.250% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.360% | 6.956% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $57,077 | $54,183 | $77,872 |
Total Monthly Payment | $57,202 | $54,308 | $77,997 |
* 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.