This great lot is one of the most desirable lots on Island Estates with 190' on the Florida East Coast Canal. 3 Island Estates will accommodate the largest building envelope "A" which is 90' wide and 100' deep. Plus an additional 30' of HOA Conservation area on the north side of the lot. Click on the document link to see the building envelope. Land is high and dry with no time constraint of when you need to start construction. Property overlooks conservation area across the canal. Approximately 750 yards to the Intracoastal Waterway. 3 Island Estates is conveniently located on the northern end of the Island with easy gate access and access to the Hammock Dunes Club. Island Estates is a gated 2 mile Island in the middle of the Intracoastal Waterway and the Florida East Coast Canal with 200 one-acre+ homesites. Island Estates is part of the gated, oceanfront community of Hammock Dunes. It is rare that you can find a property where you can "park your boat in your backyard and walk to the beach". Membership to the Hammock Dunes Club is available but NOT required. The Private, Oceanfront Hammock Dunes Club is ranked as an "Emerald Club of The World". Enjoy Fantastic food in one of the 3 Oceanfront dining rooms or at the additional Clubhouse at the Creek Course. Hammock Dunes has 2 18 Hole golf courses by Rees Jones and Tom Fazio. In addition, Hammock Dunes Club offers an Oceanfront Heated Pool, 5, 000 SF "state of the art" Fitness Center, Tennis, Pickleball, Oceanfront Croquet, in addition to an array of Fantastic Social Events. Conveniently located on the Atlantic, Central Florida Coast just 1 hour to Jacksonville or Orlando and 30 minutes to St. Augustine or Daytona Beach. Enjoy the charm of the small town of Palm Coast with the big city just 1 hour away. Locals call it "Paradise".
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$525,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $420,000 | $420,000 | $420,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,794 | $2,791 | $3,542 |
Total Monthly Payment | $2,886 | $2,883 | $3,634 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.