For the first time in 70 years, “Blue Bayou” at 3210 Higel Avenue has come to market. This is a once in a lifetime opportunity to own part of the most desirable northern end of Siesta Key. This is a unique property at a unique time. Blue Bayou is currently the only buildable lot available with bay views, no-bridges-to-bay sailboat water, on a protected bayou with a seawall and boat slip, ready for your own custom dock. North Siesta Key is arguably one of the best neighborhoods in Florida, private, quiet and peaceful, with friendly neighbors, and where each local street is a non-through street. Enjoy fishing, boating, kayaking, and paddleboarding from your backyard. Just a short distance away is your own sandbar full of amazing wildlife for snorkeling, fishing, exploring, swimming, or just relaxing. Also explore Sharker’s Island sandbar, and Lido beach, both within close proximity to your own private oasis. From your windows, lawn, patio, rooftop deck, or infinity pool you might relax in the evening seeing roseate spoonbills in golden sunsets on the bay, as well as the glistening lights of downtown Sarasota. At night, the quiet waves with birdcalls and the city lights in the distance reflect off the calm bay waters. Great egrets, snowy egrets, night herons, great blue herons, black skimmers, owls, and both brown and white pelicans are often seen or heard from this, your new home. This unique property is ready for development - survey, zoning and environmental documentation is available upon request.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,500,000
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 | $2,000,000 | $2,000,000 | $2,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.876% | 6.725% |
Monthly Tax Payment | $474 | $474 | $474 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,806 | $12,972 | $17,422 |
Total Monthly Payment | $13,405 | $13,571 | $18,021 |
* 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.