Attention Developer/Investors. PRICE INCREASES as permitting progresses. Rare Opportunity to buy early as design process for this OCEANFRONT LOT is in progress which requires a rip rap wall at the water and approximately 1277 cubic yards of fill. See photos. An Application to be submitted to the DEP/ACOE for retaining walls and fill is in progress for a 10,000 sq. ft. lot. Flexible MU Zoning allows for a variety of uses including multi tenant development and transient lodging and other uses (needs TBR). Neighboring properties are expensive with a beautiful home on one side, Hotel on the other. Registered Survey, KEYWEP, plans in hand. Village of Marathon correspondence in hand confirming this parcel is buildable. Buyer confirm all information with government agencies. Owner/Agent
Overseas Highway Over Hwy, Marathon, FL, 33050
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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