Opportunity to own a direct oceanfront property in New Smyrna Beach to build you family's oceanfront home. This exceptional 0. 41-acre lot with 75 feet of ocean frontage, is ideally located on the no-drive section of New Smyrna Beach. Offering a blank canvas for your custom-designed home, this deep "raw land" parcel is ready to build. City water and sewer services are available. Wake up to stunning sunrises over the Atlantic Ocean, enjoy peaceful walks or bike rides along the quiet beach, and revel in the serene beauty of the nearby Canaveral National Seashore, just three miles south. At the southern end of Atlantic Ave is a boat ramp into the Intracoastal Waterway backwaters and approximately seven miles of pristine shoreline. Explore the best of New Smyrna Beach’s shops, parks, and acclaimed restaurants, all just a short drive away Plans available for a magnificent coastal-style residence spanning approximately 4, 000 square feet of living space and nearly 6, 400 square feet under roof. These plans, which took over three years to develop, allow for construction to potentially begin as early as 2025. Bring your beachfront living dreams to life on this premier oceanfront lot.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
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 | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,684 | $7,684 | $10,536 |
Total Monthly Payment | $7,809 | $7,809 | $10,661 |
* 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.