These ocean and river view six lots plus an alley are zoned Mixed Use, which allows many uses, including commercial, multifamily-residential, retail, B&B etc. For example, 4-8 units may be built with some commercial uses so a buyer looking for an owner's unit in a small town beach location could build on the third (top) floor and include roof top use. Remainder units could be rentals or sold. Underground utilities on-site. A 3-story building gives the units and rooftop potential ocean and river views along with St. Augustine city views and sunset views. Share Vilano Road with Publix/Retail, the Hyatt and other hotels, million dollar-plus Townhomes (being constructed), local beach restaurants and the Vilano Pier. including a dock and water taxi service and featuring views of the city of St. Augustine. Whether you are an investor, a developer or an individual with grand residential goals, this property offers excellent opportunities. Read cont. Vilano Beach Town Center History Vilano Beach Town Center History and current contact information. Vilano Beach was founded and platted in 1927 and encompasses the length of Vilano Road, from ocean to river, and surrounding lots and side streets. In 1999 as a result of the vision of local volunteer residents this approximately 23 acres was established as the Vilano Beach Town Center. Here is how this sea change for Vilano Beach was accomplished. Nearly three decades ago, in 1995, the alignment of the new Vilano (Usina) Bridge made Vilano Beach a destination instead of a drive-thru A1A beach. After that major change, the goal of our local residents and businesses became to redevelop ourselves as a small beach town -- a walkable/bikeable commercial/residential district, including a grocery/pharmacy where people would want to live, work and play. Since Vilano Beach is not an incorporated town, we embraced the Town Center Concept because it provides the look and feel of a small town -- without an extra layer of government or additional taxes. Also, when we decided to re-develop as a Town Center, the fact that this concept had already been adopted in the Florida Growth Management Act of 1985 made achieving our goal of becoming a "small beach town" possible. To accomplish this goal, local volunteer residents and business owners in cooperation with our local commissioner and the County Planning Department staff met and worked together in four committees (open to the public) for two years, 1998 and 1999, at the North Shore Improvement Assoc. building to do the planning with county staff and make recommendations on design, a new land use code and zoning for mixed use that in 1999 resulted in St. Johns County designating the Vilano Beach commercial district a Town Center. With that designation, several of the volunteer resident committee members and several local property owners continued the next three years (1999-2002 and beyond) to represent Vilano at thousands of hours of County meetings to implement the Town Center. creating the Vilano Beach Town Center Land Development Code and Mixed Use Town Center Zoning (which includes both residential and commercial uses), Overlay Design Guidelines, and the Vilano Beach of Community Redevelopment Agency (CRA) for Infrastructure which were adopted by the St. Johns County Commission. Opportunities for public input and involvement have continued thru the years because the County Commission established an appointed Vilano Town Center Design Review Board made up of local residents and business owners with four-year terms to advise the County Commission as the Town Center has redeveloped over the years. This Board, as well as permits for new development in the Vilano Town Center are managed by the SJC Growth Management Department (Planning and Zoning). Contact number (904-209-0675).
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,227 | $6,147 | $8,429 |
Total Monthly Payment | $6,352 | $6,272 | $8,554 |
* 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.