Under contract-accepting backup offers. Nestled on the picturesque Palm/Don Pedro Island, this vacant waterfront lot is a rare gem that embodies the timeless charm of old Florida, offering a unique blend of natural beauty and an inviting coastal lifestyle. The property, graced with mature palm trees, offers a serene, tropical ambiance perfect for relaxation. Its prime location on the T canal provides excellent boatable water with direct access to the Intracoastal Waterway (ICW) and the Gulf of Mexico, making it a true boater’s paradise.
The west-facing orientation ensures stunning sunset views, allowing you to savor the evening light as it dances across the water. With public beach access just a short stroll away, you can easily enjoy long walks on the pristine white sandy beaches. This is your opportunity to build your dream coastal retreat on an exceptional piece of property, thoughtfully designed to enhance your island lifestyle.
Palm and Don Pedro Islands are conveniently accessible via a brief 3-minute car ferry ride from the mainland, offering an ideal balance of accessibility and seclusion. Although just minutes from the mainland, these islands provide a tranquil and private escape, far removed from the hustle and bustle of everyday life. Upon arrival, you can collaborate with one of the island’s expert builders to create your perfect island home, where each day ends with uninterrupted sunset views over the Gulf of Mexico—a daily reminder of the unparalleled beauty and tranquility of island living.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$375,000
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 | $300,000 | $300,000 | $300,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,823 | $1,823 | $2,371 |
Total Monthly Payment | $1,898 | $1,898 | $2,446 |
* 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.