DEVELOPER & INVESTOR ALERT! A true rare-find of 8 Lots on 1. 34 Acres of prime real estate across the street from the picturesque Sebastian Riverfront. Electric, water, sewer, and cable already setup for all 8 lots. Embrace the opportunity to craft your ideal retreat with breathtaking waterfront vistas or explore the potential for development with up to 8 single family residences, tiny homes, etc. Or capitalize on the current mobile home park/RV lodge setup, offering limitless income generation.
As you journey along the private, palm-lined paved road, you'll be immersed in lush landscaping and greeted by a vibrant community of osprey, white pelicans, and other tropical birds.
This versatile property, zoned for both residential and commercial use (RM-6), currently features 8 full-time or part-time rentable lots complete with essential utilities such as electricity, water, sewer, and cable connections.
The height restriction for each unit built on the property is 28 feet high. Each lot is 48 feet wide. Up to 8 units can be on the property - RVs, Mobile Homes, Single Family Homes, Duplexes (4), etc. Perfect for a 8 Tiny Homes too! Just no multi-family buildings.
Unlock the highly-profitable income potential through further property development, including the option for subdivision. Situated in the heart of the Treasure Coast, mere steps from the Indian River, indulge in the daily spectacle of dolphins dancing at sunrise.
Just a mile south lies the renowned Capt Hirams Resort, offering delectable dining, live entertainment, and an array of leisure activities. Go just a little further and stop by the world famous Earl's Hideaway Lounge.
Venture less than two miles to Sebastian's Riverview Park, a vibrant hub for major events and concerts. Here, you'll also find an array of amenities including a Splash Pad, Veterans War Memorial, sand volleyball courts, and scenic walkways tracing the Riverfront District.
Join the ranks of ever-growing annual tourists drawn to this captivating locale by its proximity to Sebastian Inlet, one of Florida's 60 coastal inlets.
Bordering the inlet on both sides, Sebastian Inlet State Park attracts between 750, 000 to one million visitors annually, underscoring the region's irresistible allure. Seize the opportunity to own this rare gem boasting 1. 34 acres of enchanting Indian River views.
Embrace the undeniable appeal of the Treasure Coast and embark on your next chapter surrounded by natural splendor and limitless potential.
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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 | $1,120,000 | $1,120,000 | $1,120,000 |
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 | $513 | $513 | $513 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,171 | $7,264 | $9,834 |
Total Monthly Payment | $7,809 | $7,902 | $10,472 |
* 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.