**Prime Snell Isle Lot – Investor’s Dream or Build Your Dream Home** HOME WAS FLOODED DURING HURRICANE HELENE. Welcome to this incredible opportunity in the prestigious, iconic Snell Isle neighborhood of St. Petersburg, FL. Located just minutes from Downtown St. Pete, the Vinoy Golf Course, and beautiful parks, this property offers the perfect canvas for your next project. While the charming home did experience flooding during Hurricane Helene, the value here lies in the **exceptional location** and **prime lot**. This is a rare chance for investors to reimagine the space or for homeowners to design their **dream residence** in one of St. Pete’s most sought-after areas. Snell Isle is known for its tree-lined streets, waterfront access, and family-friendly atmosphere, making it an ideal place to plant roots and build memories. The existing structure features a **spacious pool** with a depth of 12 feet – a true gem awaiting restoration. While the pool was affected by the hurricane, it offers tremendous potential once revitalized. This neighborhood is perfect for young families, professionals, or anyone looking to live in a vibrant community that blends luxury and convenience. Whether you're ready to renovate and restore or are looking for a prime lot to create your dream home, this property offers endless possibilities. Don’t miss out on the opportunity to invest in one of St. Petersburg’s most coveted locations – schedule a showing today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$825,000
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 | $660,000 | $660,000 | $660,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $445 | $445 | $445 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,226 | $4,281 | $5,795 |
Total Monthly Payment | $4,763 | $4,818 | $6,332 |
* 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.