Prime Waterfront Property – Tear Down Opportunity on Boca Ciega Bay. This is your chance to create the waterfront home of your dreams on a highly sought-after Madeira Beach lot! This is a 5, 108 Square feet lot with dimensions of 50 x 108. Located directly on Boca Ciega Bay, this single-family residence was affected by the storm surge from Hurricane Helene and is being sold as a tear down, offering a rare opportunity for new construction in a prime location. Direct Bayfront Access to Enjoy breathtaking sunrises, sunsets, and water views right from your backyard. Ideal for boaters and water enthusiasts, with easy access to the Intracoastal Waterway and Gulf of Mexico. Perfect for designing your custom coastal retreat, with plenty of space for a spacious home, pool, and dock. Prime Location Nestled in a quiet, residential neighborhood of Madeira Beach, you're minutes away from pristine Gulf beaches, local dining, and vibrant shopping options. Tear Down for New Construction The current structure is not habitable due to damage from a recent storm surge, giving you the freedom to start fresh with modern construction designed for today’s lifestyle and up-to-date hurricane standards. Seize this rare chance to build your custom waterfront oasis in a desirable area with stunning bay views. The location alone is a builder’s dream and an opportunity that doesn’t come around often. Sold As-Is. Contact us today to explore the possibilities for your new waterfront construction on beautiful Boca Ciega Bay
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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 | $540,000 | $540,000 | $540,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | $237 | $237 | $237 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,730 | $3,589 | $4,554 |
Total Monthly Payment | $4,059 | $3,918 | $4,883 |
* 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.