WATERFRONT GEM! Motivated Seller!
Discover this rare oasis on Terra Ceia Bay, presenting 2. 5 acres of serene beauty with over 454 feet of waterfront and the potential for your own private dock. Nestled in a peaceful neighborhood, this property offers a 15-foot water depth at the bay center and only one bridge to open waters, leading directly to the stunning Egmont Key and Anna Maria Island—perfect for fishing and boating right from your doorstep!
Marvel at the breathtaking sunsets over Terra Ceia Bay and enjoy easy access to the Gulf, making this location a paradise for outdoor enthusiasts, boaters, and nature lovers alike. With its charming Old Florida ambiance and convenient proximity to larger cities, this gem provides a unique blend of seclusion and accessibility.
The permitted build features a fabulous 5-bedroom, 5-bathroom pool home, with renderings showcasing 5, 100 heated sq ft (8, 100 total sq ft). The foundation and first floor are already poured, allowing you to hit the ground running. The seller is flexible and can clear the property if the current build isn’t to your taste.
The property is equipped with utilities, including electric, and features a driveway already in place for your convenience. An artesian well is also installed, providing a reliable water source. Additionally, the fenced perimeter is lined with mature oaks for added shade and privacy. Enjoy lush landscaping featuring Zoysia grass, palm trees, and fruit trees, creating an exquisite retreat in the heart of Florida.
This listing is for the offering of 2. 39 acres As-Is. The parcel has been subdivided, and Manatee County is in the process of updating. Don’t miss out on this incredible opportunity to own a piece of paradise!
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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 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** | 6.750% | 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 | $6,486 | $6,403 | $8,780 |
Total Monthly Payment | $6,611 | $6,528 | $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.