This is the waterfront lot you've been waiting for! Here’s your chance to build your dream home with breathtaking water views and direct Gulf access. Located in the highly sought-after Yacht Club Estates, this boater’s paradise offers deep water and no fixed bridges, making it ideal for accommodating large boats or sailboats. Just minutes from Treasure Island’s beautiful beaches and the vibrant downtown of St. Petersburg, you’ll enjoy proximity to all the best amenities while living in a peaceful, luxurious community. The current property will be demolished in December, giving you a fresh start for design and construction. Please note that the seawall does not need to be replaced. New Construction properties built to current building codes are going up all around Yacht Club Estates - creating exciting opportunities for Coastal/Waterfront Living in this dynamic area. This rare, discounted opportunity is due to flood damage from Hurricane Helene, with the property offered at lower than land value only and sold strictly as-is, with no inspection contingencies. Cash buyers only—no wholesalers, assignable contracts, or subject-to offers. This parcel is surrounded by multimillion-dollar waterfront estates, making it an ideal spot for redevelopment. Don’t miss out on your chance to own a piece of paradise!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,195,000
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 | $956,000 | $956,000 | $956,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.851% | 6.704% |
Monthly Tax Payment | $832 | $832 | $832 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,121 | $6,201 | $8,328 |
Total Monthly Payment | $7,078 | $7,158 | $9,285 |
* 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.