This third of an acre waterfront lot is zoned Multi-family making it ideal for a multi-family investment. Located in the deed restricted golf community of Rotonda West this property has public water and sewer available and is located in an area of newer homes. Community amenities include tennis courts, lakes, beautiful park, community center, and 5 Rotonda golf courses. And the best part is the location. You can enjoy local waterways and Gulf beaches, dining, shopping, and golf courses that make this area so special. World class fishing is just minutes away, and tropical wildlife and waterfowl abound in this tropical paradise. You can also explore the waterfront public parks with bike and walking trails, pickle ball parks, picnic areas, and boat ramps that give you access to the Peace and Myakka Rivers, beautiful Charlotte Harbor, and the blue waters of the Gulf of Mexico. You are minutes to Boca Grande, Manasota Key, and Englewood beaches. And don't forget about historic downtown Venice and Venice beach to the North and Punta Gorda and popular Fishermen's village with quaint shops and cafes to the South.
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Our Executive Mortgage Banker:
Our Insurance Division:
$70,000
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 | $56,000 | $56,000 | $56,000 |
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 | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $373 | $372 | $472 |
Total Monthly Payment | $448 | $447 | $547 |
* 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.