This is the ONLY PRESERVE LOT available at The Islands on the Manatee, a private gated waterfront boating and golf community that has been voted "Best Community" in the Sarasota-Bradenton Parade of Homes for 8 consecutive years. This lot offers the perfect opportunity to build your dream home by one of seven Developer Approved Builders (John Cannon, Arthur Rutenberg, Lee Wetherington Homes, Kemick Builders, Anchor Builders, Talon Home Builders, or Vision Group) or you may apply for the bring your own builder program. This corner lot features over a half acre of buildable space (0. 57 acres) and abuts a strip of HOA land, making it feel more spacious than it already is.
The Islands has convenient access to many surrounding areas. The Fort Hamer bridge seamlessly connects residents to Lakewood Ranch. Enjoy the sophistication of Lakewood Ranch's retail and dining amenities, all just a short drive from your gated sanctuary. Locally in Parrish, discover the allure of new shopping and dining experiences just minutes away. The town is positioned for growth, with ongoing commercial development promising even more opportunities for entertainment, retail therapy, and culinary exploration in the near future. Don't miss this rare opportunity to own a piece of paradise, and build your custom dream home in one of the most sought-after communities in the Sarasota-Bradenton area.
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Our Executive Mortgage Banker:
Our Insurance Division:
$298,000
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 | $238,400 | $238,400 | $238,400 |
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 | $1,606 | $1,584 | $2,010 |
Total Monthly Payment | $1,681 | $1,659 | $2,085 |
* 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.