Imagine crafting your dream home on this expansive vacant lot nestled in a tranquil island setting. With approximately 9, 100 sq ft of space, this oversized property offers a unique opportunity to create your own personal paradise. Sample floor plans for this 5-bedroom home are also available. BUILDER INTRODUCTION AVAILABLE. (Sample illustrations of new construction homes are provided for reference only and are not for sale. Price listed is for the lot only. ) Enjoy the peaceful surroundings while still being conveniently close to the beach access, and a variety of dining and entertainment options. The generous dimensions of this lot provide ample room to design and build the home you've always envisioned—whether it's a spacious family retreat, a charming cottage, or a modern oasis. Immerse yourself in the laid-back island lifestyle and embrace all that this picturesque location has to offer. From leisurely strolls along nearby beaches to exploring local restaurants, every day feels like a vacation.
Perfectly situated in mid-island of FMB, Bay Mar drive offers an ideal location for your new adventure. Explore the vibrant scene to the north at Margaritaville and the bustling downtown area, or head south to indulge in the array of shops and dining options at Santini Plaza. Join those who are envisioning their own piece of paradise and start planning for your beachfront haven today. Enjoy morning walks on the beach, play in the surf, and savor breathtaking sunsets—all just steps away from your newly constructed sanctuary in paradise.
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Our Executive Mortgage Banker:
Our Insurance Division:
$649,900
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 | $519,920 | $519,920 | $519,920 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,459 | $3,456 | $4,458 |
Total Monthly Payment | $3,551 | $3,548 | $4,550 |
* 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.