Don’t miss out on this incredible opportunity to build your dream home in the highly sought after Conners community on this premier, corner double lot on the canal. This exclusive property boasts 200 feet of water frontage (130 north facing & 70 west facing) providing the perfect opportunity to indulge in the best of both worlds - the wide canal allows you to enjoy the boating lifestyle with a short ride to Wiggins Pass and out to the Gulf. The premier location of Palm Court is also a short walk to Vanderbilt Beach where you can enjoy the incredible sunsets every night! This popular location allows you to walk the beach and visit some of the local favorites – Turtle Club, Buzz’s, Ritz Carlton and La Playa to mention a few. The large 21, 303 sf lot provides the potential to build the home of your dreams or a wonderful estate with guest quarters. The oversized lot was once two individual lots that can be split again if desired. Contact the county for details. Seller can provide remodel or building plans if desired.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,500,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,600,000 | $3,600,000 | $3,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $729 | $729 | $729 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $23,350 | $23,051 | $31,608 |
Total Monthly Payment | $24,204 | $23,905 | $32,462 |
* 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.