ALL PERMITS AND ARCHITECTURAL PLANS APPROVED! Build Your Dream Home on Oak Island This is an incredible opportunity to tear down the existing structure and create the home of your dreams! Approved plans are in place for a stunning three-story, three-bedroom, four-bath residence with two office spaces and floor-to-ceiling windows offering panoramic views of the lake. So much more! Every inch of this 7, 200 sq. ft. masterpiece is designed for luxurious living, maximizing the land and water. Located in a serene cove within a cove, this property comes with two grandfathered deep-water docks—perfect for boating enthusiasts. It's in a NO WAKE zone, so you’ll enjoy peaceful, undisturbed waters lapping at your shores. The grounds are a natural playground dotted with mature shrubs and trees, and the sandy-bottomed beach offers easy, boulder-free access to the water—ideal for swimming and water sports. For snowmobile lovers, the garage design even includes a rear opening, allowing you to drive directly onto the lake in winter. This is a once-in-a-lifetime chance to own a piece of paradise with everything ready for you to build the ultimate lakefront retreat. Don’t miss out—your dream home awaits! VIEW THIS INCREDIBLE PROPERTY BY APPOINTMENT ONLY THIS SUNDAY FROM 10: 00 A. M. TO 1: 30 P. M. TOURS ARE 30 MINUTES EACH, AND I'LL BE THERE WAITING TO SHOW YOU AROUND. See MLS #5014491
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,079,200 | $2,079,200 | $2,079,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,643 | $12,633 | $17,127 |
Total Monthly Payment | $11,768 | $12,758 | $17,252 |
* 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.