Presented byMichelle & Paula |
This spectacular South Hutchinson Island 1+ acre oceanfront lot with 200 feet of frontage is ready for your dream home! Owner willing to split parcel into the two (1/2) acres with 100 feet of beachfront each. $1, 800, 000 for each 1/2 acre. Cleared land with rare natural beach path (walk over or bridge not necessary on this lot!) New homes are breaking ground in this sought-after area which is in the 5-year development zone of Ft. Pierce. The current approved plan has the home positioned on the lot so it is in a flood zone that allows ground floor living, without stilts or frangible/break away walls. Seller has a DEP building permit for the property, which can be amended to suit Buyer's plans. This area has over 20 miles of uncrowded and unspoiled beaches!Seller has structural plans for
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,999,000
Luxury Properties Specialists
William Raveis Real Estate
Phone: 561.801.3885
MichelleAndPaula@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 | $2,399,200 | $2,399,200 | $2,399,200 |
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 | $15,561 | $14,772 | $21,231 |
Total Monthly Payment | $15,686 | $14,897 | $21,356 |
* 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.