Discover the potential of this stunning waterfront property nestled in the heart of Riviera Bay, widely regarded as one of the best neighborhoods in the world. This unique home, featuring beautiful terrazzo floors throughout, is being offered as-is, presenting an incredible chance for buyers to either restore or build their dream residence in an idyllic location. Home was valued at over $700, 000 prior to the storm.
Although the property has recently experienced flooding, the value lies not just in the structure but in the premium land it occupies. Neighbors of this unique body of water enjoy the sunset views and privacy the mangroves provide. The character of the home, highlighted by the timeless elegance of terrazzo flooring, creates a solid foundation for your vision. With breathtaking water views and direct access to the bay, you can design a custom home that captures the essence of coastal living. The spacious lot provides ample room for creativity, whether you envision a modern masterpiece or a charming coastal retreat.
Riviera Bay is known for its vibrant community, beautiful parks, and proximity to local amenities. This is more than just a home; it’s a lifestyle.
The current owner is pricing this gem at land value for your convenience, allowing you to take full advantage of this rare opportunity. Don’t miss your chance to invest in a property with endless possibilities in one of the most desirable neighborhoods around!
Act now and envision your future in Riviera Bay!
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Our Executive Mortgage Banker:
Our Insurance Division:
$449,000
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 | $359,200 | $359,200 | $359,200 |
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 | $559 | $559 | $559 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,481 | $2,387 | $3,029 |
Total Monthly Payment | $3,115 | $3,021 | $3,663 |
* 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.