Seize the opportunity to build your dream luxury home in the prestigious Snell Isle neighborhood, where magnificent residences line the Coffee Pot Riviera brick street. This stunning . 4-acre waterfront lot on Coffee Pot Bayou offers the ideal canvas for your architectural vision. Please note this property was impacted by flooding from Hurricane Helene and has not been remediated. It is being sold as-is for land value, allowing you to create a custom home tailored to your desires. Imagine designing a home that complements the breathtaking surroundings, complete with an extra-large pool for relaxation and entertainment. The new composite dock provides easy access to the water, allowing you to enjoy boating and fishing from your backyard. The property is adorned with mature trees, adding character and shade to your future outdoor oasis. Experience gorgeous sunsets that paint the sky in vibrant hues, while manatees, dolphins and an array of marine life grace your waterfront oasis. This is more than just a property. It’s a lifestyle defined by luxury, tranquility and natural beauty. Don't miss your chance to join the ranks of other magnificent homes in this iconic neighborhood. Contact us today to explore this exceptional opportunity and start envisioning your future in Snell Isle!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,550,000
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 | $2,040,000 | $2,040,000 | $2,040,000 |
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 | $730 | $730 | $730 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,231 | $12,561 | $18,052 |
Total Monthly Payment | $14,086 | $13,416 | $18,907 |
* 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.