Rare almost one acre direct Gulf front lot on the beach on the beautiful island of Longboat Key. New Gulf front homes on this key typically start at $16 million plus. There is currently an existing single level motel on the property which would need to be removed. Expected use of property is for a luxury single family home. Property also allows 1 or 2 additional family structures. Nice if you want a family compound. Property could also have 3 condo units on it. Property has 100 feet of gulf beach frontage on a 10 mile beach. This beach is never crowded. The island is beautiful with many large single family homes and condos. Property location is walking distance to 7 nice restaurants. The owners live on site.
5451 Gulf Of Mexico DRIVE, Longboat Key, FL, 34228
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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