Discover a rare chance to own prime real estate in the heart of Clearwater, Florida! Whether you’re looking to build your dream home or develop a lucrative multifamily income property this is an exceptional opportunity you won’t want to miss. Builders and investors, this nearly half-acre lot is ready for development. NOT in a flood zone, this land is HIGH AND DRY and with NO HOA, this is a unique investment opportunity you don’t want to miss, especially with the recent price reduction! Zoned Medium Density Residential, the property offers potential for up to six units or the perfect space for a brand-new single-family home. Situated just 4 miles from the world-renowned Clearwater Beach and close to vibrant downtown Dunedin, this property places you near an array of restaurants, breweries, nightlife, marinas, and shopping. Whether you’re looking to build a multi-family income-producing property or your dream home, this lot offers both convenience and exceptional growth potential in the booming Clearwater market. Please verify all zoning and planning details with the City of Clearwater before making your move!
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Our Executive Mortgage Banker:
Our Insurance Division:
$435,000
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 | $348,000 | $348,000 | $348,000 |
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 | $2,315 | $2,286 | $2,935 |
Total Monthly Payment | $2,390 | $2,361 | $3,010 |
* 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.