**OVER $100K PRICE IMPROVEMENT!** Discover the unparalleled opportunity to bring your island home to life on this stunning oversized lot in the highly desirable Marco Island Estates area. Located on Inlet Drive, this prime piece of real estate stands out as one of the largest available in the vicinity, offering you an expansive canvas to create your dream home. With the added benefit of not requiring pilings—a significant saving of about $75K (soil test available upon request)—this lot ensures you can invest more into the custom features and luxurious amenities you’ve always envisioned. Whether you’re dreaming of a sprawling estate with a contemporary design or a charming island retreat with classic touches, the possibilities are endless. This generous parcel of land is spacious enough to accommodate a wide variety of architectural designs, allowing for multiple floors, expansive living areas, and an impressive facade. Imagine the potential for a large backyard oasis, perfect for hosting gatherings or simply relaxing in your private sanctuary. Envision a beautifully landscaped garden, a sparkling pool, or an outdoor kitchen and entertainment area. Additionally, the lot provides ample space for multiple garages, ideal for car enthusiasts or those needing extra storage. The Estates area is renowned for its exclusivity, tranquility, and proximity to all the best that island living has to offer. Enjoy the convenience of nearby shopping, gourmet dining, and top-rated schools, all while being just a short distance from pristine beaches and recreational areas. Seize this rare opportunity to build your perfect island home in one of the most sought-after neighborhoods. Don’t miss out on this exceptional investment—contact us today to learn more and start planning your dream home.
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Our Executive Mortgage Banker:
Our Insurance Division:
$798,900
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 | $639,120 | $639,120 | $639,120 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,145 | $4,092 | $5,307 |
Total Monthly Payment | $4,237 | $4,184 | $5,399 |
* 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.