5100 W Island Villages CIR, Cape Coral, FL, 33956 | $30,000,000
This is a great opportunity to build up to 480 units and the Development Order on this project will never expire in SW Florida. The impact fees are currently $7500 per door, The development project has partial infrastructure in place. Lee.
County has already approved the Four Plex Master Building Plan. This Property is Fully Entitled, shovel ready, and permitted to build 120 four-plex buildings. The development plans and condo docs
have been completed. There is a total of 131`acres with 66 acres buildable , the balance is conservation land. City water is to 25% of the property, the sewer runs the graded loop, LCEC power
easement is granted and recorded, and culverts are 80% completed. Recreation center is partially built. The project meets. The development plans and condo docs have been completed. There is a total of 131`acres with 66 acres buildable , the balance is conservation land. City water is to 25% of the property, the sewer runs the graded loop, LCEC power easement is granted and recorded, and culverts are 80% completed. Recreation center is partially built. The project meets all the new FEMA flood elevation standards. Contact us today to purchase the entire development.
Features
- Zoning: RM-2
- Frontage: 2167
- Lot Desc: 5 Plus Lots,Oversize,See Remarks
- View: Bay,Pool/Club,Preserve,Wooded Area
- Community Type: Non-Gated
- Water Front: Yes
- Boat Access: See Remarks
- MLS#: 224024499
- Website: https://www.raveis.com
/prop/224024499/5100wislandvillagescir_capecoral_fl?source=qrflyer
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5100 W Island Villages CIR, Cape Coral, FL, 33956
$30,000,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 | $24,000,000 | $24,000,000 | $24,000,000 |
| 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 | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $153,675 | $155,664 | $210,719 |
| Total Monthly Payment | $153,800 | $155,789 | $210,844 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388