No flooding! This is an oversized, 90X130, vacant residential, corner lot in El Dorado Acres, Bonita Springs. X500 Flood zone. Cleared and filled and ready to go for your HOME! El Dorado Acres is a quiet and naturally wild neighborhood of about 300 homes located in Bonita Springs and just minutes to the beach! Located in a desirable location West of Tamiami Trail(41), this inviting community is for those who either dislike or are tired of restrictions! The community features old Florida charm with over-sized lots and an eclectic mix of Florida bungalows, original stilt homes and lovely new construction! There are NO HOA fees and NO deed restrictions so bring your boat or RV. You're welcomed here! Eldorado Acres is just two minutes to the new Ritz/London Bay Development, which has a boat ramp where soon residents may be able to launch fishing boats, jet skis, and other fun water toys. Imagine that! For more cosmopolitan activities, both the Hyatt Regency and the Coconut Point Mall are just up the street. This neighborhood is a hidden GEM that sits adjacent to the GRAND, Colony at Pelican Landing community! El Dorado acres is right in the center of growth in Southwest Florida! Buy it and build it! The home in the photos is only an example of what may be built on the lot. All builders welcome.
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Our Executive Mortgage Banker:
Our Insurance Division:
$220,000
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 | $176,000 | $176,000 | $176,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,186 | $1,170 | $1,484 |
Total Monthly Payment | $1,261 | $1,245 | $1,559 |
* 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.