This Island Shores lot on Fort Myers Beach offers it all: one of the largest point lots on the bay offering wide and long water views with 221 feet of waterfront, a short walk to the beach, a deep water boater's dream location where you can have a dock for a 100’ boat and you are just inside the pass to the Gulf of Mexico and a new seawall is in place. The original home has been removed and permit ready engineered building plans by RG Designs for amazing 3 story home featuring 6075 air conditioned square feet and 17, 352 total square feet are included with this property. These plans are an architectural masterpiece that offer every amenity in a waterfront home capturing views from nearly every room in the home. The outdoor living is like no other on the island and best of all it was designed to live on one level. Note: If you are looking for an even larger home or just a larger estate, the lot next door is also for sale and there is a second set of drawings available for a home that span both lots (MLS #224071289). This superb location is both convenient to all of Fort Myers Beach restaurants and entertainment (with new venues being built or planned) plus an easy off island location to Fort Myers shopping and amenities. Insurance is readily available at competitive rates for a new code home where it’s living level is constructed above FEMA flood as this proposed home has been designed. Having build ready plans will save a Buyer money and a year or more in design time plus a previous home eliminates the large impact fees. A survey is available.
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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 | 7.406% | 6.762% | 6.830% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $23,350 | $23,051 | $31,608 |
Total Monthly Payment | $23,475 | $23,176 | $31,733 |
* 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.