Sunrise dreams and endless ocean views … This oceanfront lot in North Beach sits high on the dune and offers 77’ of St. Augustine waterfront paradise with 180 degrees of stunning views. Already improved with a sturdy seawall, stairs to the beach and a grandfathered building pad & circular driveway, this rare offering is one of the few properties in an area protected by a 50-year guaranteed beach renourishment project by the Army Corp of Engineers. The seawall & stairs are covered by a sand dune created by the recent renourishment. The perimeter of the property is marked by a gorgeous, irreplaceable coquina rock wall. Impact fees for the development of this property have already been paid. Per the St. Johns County Building Department, the setbacks are 25’ front, 8’ sides, 10’ from the seawall and 35’ height. Utilizing the grandfathered building pad would allow for a home closer to the seawall. This piece of property holds the true spirit of St. Augustine - it is the previous site of the beloved “Captain’s House, ” an iconic, octagon-shaped house that once served as a marker to local fishermen. The home didn’t stand the test of time, but its spirit will live on as the ultimate beach front retreat is created in its honor.
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Our Executive Mortgage Banker:
Our Insurance Division:
$899,000
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 | $719,200 | $719,200 | $719,200 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,665 | $4,605 | $6,315 |
Total Monthly Payment | $4,757 | $4,697 | $6,407 |
* 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.