Prime Opportunity for New Construction in Shore Acres! This 50 x 100 lot is available at land value, offering a rare chance to build your dream home in the highly desirable Shore Acres neighborhood of Northeast St. Petersburg. The existing home has not been remediated following Hurricane Helene, making it ideal for redevelopment. With NS-1 zoning, this lot can accommodate a spacious 3, 000 SF home, giving you the freedom to create a custom residence tailored to your needs.
Shore Acres offers a blend of coastal charm and urban convenience. Just minutes from vibrant downtown St. Petersburg, you'll enjoy quick access to renowned dining, shopping, cultural attractions, and waterfront parks. The neighborhood is known for its strong sense of community, scenic waterfront views, and close proximity to top-rated schools, making it perfect for those seeking a high-quality lifestyle. New construction homes on similar lots in the area have recently sold between $1. 2M and $1. 4M, highlighting the area's strong property values and investment potential.
Seize this unique opportunity to build in one of St. Pete’s most sought-after communities, and enjoy the ideal blend of modern living and natural beauty in Shore Acres.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$260,000
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 | $208,000 | $208,000 | $208,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | $45 | $45 | $45 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,419 | $1,382 | $1,783 |
Total Monthly Payment | $1,539 | $1,502 | $1,903 |
* 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.