Rare opportunity to create your dream waterfront retreat on this exceptional property along the serene Heron Lagoon. Likely a tear-down, this property offers the perfect canvas for designing a custom home to fit your vision. Enjoy the peaceful setting with a private dock, ideal for kayaking, fishing, and birdwatching, and immerse yourself in the beauty of outdoor living.
Located on Siesta Key, this prime location provides convenient access to the area's renowned beaches, dining, and attractions, as well as all the amenities of Sarasota.
For those considering restoration, the existing home offers 1, 589 square feet of living space, featuring two bedrooms, two bathrooms, and a two-car garage. Whether you choose to build new or restore, this property presents an unparalleled opportunity to experience the best of coastal living. Additionally, the parcel can be sold together with the adjacent lot (A4628566) offering the potential to expand and enhance your waterfront lifestyle. Don’t miss your chance to make this unique waterfront property your own!
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William Raveis Real Estate
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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 | $919,920 | $919,920 | $919,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.636% | 6.684% |
Monthly Tax Payment | $870 | $870 | $870 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,890 | $5,815 | $8,013 |
Total Monthly Payment | $6,885 | $6,810 | $9,008 |
* 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.