The opportunity of a lifetime to build a dream home estate on 1. 34 acres in the luxurious gated neighborhood of The Waters of Weeki Wachee, a one-of-a-kind neighborhood of mansions settled along the middle point and most pristine section of the Weeki Wachee River and offering to its residents a park with coveted access to this amazing world famous destination. 7262 Hidden Cove is . 66 acres and 6121 Waters Way is . 68 acres, both lots are for sale offering a rare opportunity to purchase and combine both lots to form a super 1. 34 acre homesite! The Waters of Weeki Wachee offers its residents a riverfront park with observation deck and kayak storage and also a park with a tennis court, basketball halfcourt and a picnic table. This neighborhood is situated at a very special part of the river at approximately halfway up the river it’s far away from the hustle and bustle and crowded party atmosphere of the lower river and also being situated at the rivers midpoint the water is crystal clear Caribbean blue just as clear as at the headspring. This section of the river has much less boat traffic and the water clarity is amazing. The Waters of Weeki Wachee is closer to the headspring than any other community on the Weeki Wachee. The neighborhood is built at a high enough elevation so that it is NOT in a Special Hazard Flood Zone, meaning that mortgage lenders will not require flood insurance and in-fact the risk of flood is low! Also very important to mention that yes, the Weeki Wachee River flows into the Gulf of Mexico and therefore a whole world of kayaking and paddle boarding is open. Time to build a paradise dream home in this amazing neighborhood in this unique and special place unlike anything else anywhere on Earth.
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Our Executive Mortgage Banker:
Our Insurance Division:
$74,900
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 | $59,920 | $59,920 | $59,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $399 | $398 | $505 |
Total Monthly Payment | $474 | $473 | $580 |
* 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.