The sunsets here are unbelievable! Discover the extraordinary potential of this expanded double lot, located just two lots in from the Gulf on the south end of Manasota Key. Dip your toes in the saltwater each day or unwind in the evenings hoping to catch the famous green flash—all just an easy stroll along Beachcomber Lane to the beach. What an amazing feature! Measuring 120' wide by 82' deep and zoned MMF (Manasota Multifamily), this land will provide the flexibility to design your dream beach house, duplex or vacation investment property. Formerly the site of a duplex, this property sustained significant damage from Hurricanes Helene and Milton. The structure needs to be removed, but impact fees, along with water and sewer hookups, have already been paid. Manasota Key, known for its world-class shark tooth hunting, beachcombing, fishing, and vibrant beach lifestyle, is bouncing back with charm and resilience. Although the area experienced significant storm impact, the island is steadily restoring its white sandy beaches, popular restaurants and live entertainment that is just a golf cart ride away. Don’t miss this exceptional opportunity to purchase these lots now before all the area restoration is complete, contact us for more details!
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Our Executive Mortgage Banker:
Our Insurance Division:
$650,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $520,000 | $520,000 | $520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,460 | $3,456 | $4,459 |
Total Monthly Payment | $3,552 | $3,548 | $4,551 |
* 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.