Unlock the potential of this expansive 0. 33-acre parcel, strategically located in an area poised for growth, with the exciting adjacent Key International development on the horizon. This property offers an exceptional opportunity for investors or developers looking to capitalize on the evolving landscape of unincorporated Pinellas County.
With an R-4 zoning designation and Residential Medium (RM) land use, the site is primed for the development of four spacious townhomes. A site plan is already with the county, awaiting approval, streamlining your development process. Extensive third-party reports have been conducted, confirming the buildability of the land, ensuring peace of mind for future construction.
The location boasts unparalleled convenience, offering easy access to Tampa, St. Petersburg, and major interstates. Nestled in a hidden gem of a neighborhood, this site provides the perfect balance of tranquility and accessibility.
The current 2-bedroom, 1-bathroom block home with a garage sits on the property, ready for redevelopment into a 5, 990 sq. ft. townhome project. Don't miss this rare opportunity to be part of a growing, vibrant community with immense potential. Act now to secure this prime investment in an area on the rise!
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Our Executive Mortgage Banker:
Our Insurance Division:
$399,900
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 | $319,920 | $319,920 | $319,920 |
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 | $392 | $392 | $392 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,128 | $2,102 | $2,698 |
Total Monthly Payment | $2,595 | $2,569 | $3,165 |
* 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.