This is an incredible opportunity to own a prime waterfront lot in the sought-after 55+ Caribbean Isles Resident-Owned Cooperative. Situated along a beautiful canal leading directly out to Tampa Bay and the Gulf of Mexico (one fixed bridge), this location offers 75 feet of private canal frontage right in your backyard—the perfect setting for your dream home! This lot is being sold at share/lot value only, making it an exceptional investment. The existing home will need to be removed, but the waterfront access is a rare find in this area. Enjoy the benefits of no lot rent or CDD fees; instead, pay an affordable monthly maintenance fee of just $242. Ideal for boaters, fishing enthusiasts, seasonal residents or active full timers, this community has everything to support a vibrant, resort-style lifestyle. Caribbean Isles offers an impressive list of amenities, including: Heated pool, Clubhouse with themed parties, dinners, and year-round events, On-site boat launch and RV/boat storage lot, Outdoor activities like shuffleboard, bocce, and horseshoes, A well-stocked library, craft room, game room with pool tables, card tables, and indoor shuffleboard. Beyond the community, Apollo Beach provides easy access to Tampa, Sarasota, Bradenton, and even Orlando, putting you close to cultural events, attractions, parks, and beaches. Caribbean Isles offers the best of Florida's West Coast lifestyle—don’t miss the chance to create your ideal waterfront retreat in this amazing location!
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Our Executive Mortgage Banker:
Our Insurance Division:
$120,000
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 | $96,000 | $96,000 | $96,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $39 | $39 | $39 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $639 | $638 | $823 |
Total Monthly Payment | $752 | $751 | $936 |
* 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.