One of the most undervalued real estate opportunities in Southwest Florida. Incredible, half-acre lot backing up to a large section of Blue Hill Bay/Creek. Gorgeous views of area bays, preserve, and colorful sunrises and sunsets out to the city skyline can be found from an elevated home. You cannot find a lot on the Island at this price that offers the opportunity Key Marco does such as available direct-access boat slips, pickleball and tennis, community center with social room and fitness center, and more. Key Marco is a prestigious, private and historic gated community where you can escape and get away from it all. From the lot, you are approximately three miles to Publix, area shopping, hardware store, Walgreens and more, and within five miles of Residents' Beach. From the community docks you have direct access to spectacular fishing, adventure and endless sightseeing among the Ten Thousand Islands, Gulf of Mexico and beyond. Great homesite for a new build. Minimum 3, 000 air-conditioned square feet, up to 65 feet high. Seller is a Florida licensed real estate agent.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,250,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,000,000 | $1,000,000 | $1,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,403 | $6,486 | $8,780 |
Total Monthly Payment | $6,528 | $6,611 | $8,905 |
* 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.