In this dynamic 55+ co-op community that now permits elevated, site-built homes, an excellent opportunity awaits with this vacant waterfront lot featuring a dock and seawall. Enjoy seamless Gulf access with no bridges obstructing your path, allowing you to be on the water in just 15 minutes. The lot is prepared for new construction, with zoning allowing either stick-built or modular homes, so there’s no requirement for a manufactured home. With FEMA regulations requiring an elevation of around 10 feet, you'll benefit from under-home parking, extra storage, or even a recreational area, all without needing flood insurance. Positioned conveniently across from the community pool, the lot also provides access to amenities like a clubhouse, shuffleboard, pickleball courts, and 16 acres of free storage for RVs and boats. Residents can easily stroll to nearby attractions such as Salty Sam's Marina, Parrot Key, Times Square, Bonita Bills, Doc Ford’s, Dixie Fish House, the new Margaritaville Resort, and Fort Myers Beach.
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Our Executive Mortgage Banker:
Our Insurance Division:
$230,000
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 | $184,000 | $184,000 | $184,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,224 | $1,209 | $1,552 |
Total Monthly Payment | $1,299 | $1,284 | $1,627 |
* 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.