Amazing lot available on quiet cul-du-sac with over 100 feet of seawall and westerly views over the intracoastal and close to the beach. Situated on sailboat water with easy access to the Gulf, private dock, 10, 000 lb lift and additional slip, this property is a boaters’ dream come true! From the back patio, enjoy the serene, open water views that span the Intracoastal Waterway and offer beautiful sunsets. This 3 bedroom, 3 bath home did sustain damage during the recent hurricanes, however, much of the home was saved due to quick actions taken by the current owner. The damaged material has been removed and property has been remediated.
Priced below FEMA’s lot valuation, this is an excellent opportunity for an Investor or anyone looking to build their dream home on the water.
Due to FEMA's 50 percent rules, this home may or may not be suitable for rehabilitation. The property is being sold “As-Is” and the seller makes no warranties regarding the home's condition. Buyer to determine the feasibility of rehabbing the structure.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,000,000
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 | $800,000 | $800,000 | $800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.826% | 6.936% |
Monthly Tax Payment | $1,130 | $1,130 | $1,130 |
H/O Insurance Payment | TBD | TBD | TBD |
Initial Principal & Interest Pmt | $5,189 | $5,189 | $7,079 |
Total Monthly Payment | $6,411 | $6,319 | $8,209 |
* 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.