Nestled in the desirable community of Burnt Store Lakes, this cleared vacant lot offers an exceptional opportunity to build your dream home. With approximately ¼ acre of building space, this lot is equipped with central water and sewer, offering the convenience and readiness to begin building your ideal sanctuary. Burnt Store Lakes is known for its tranquil atmosphere and friendly community. You'll have access to a private kayak launch, a community park, and picnic areas, creating the perfect setting for leisurely weekends or gatherings with family and friends. With Burnt Store Marina just a short drive or bike ride away, residents can easily enjoy world-class boating, fishing, golf, and waterfront dining, making this location a paradise for outdoor enthusiasts and coastal lifestyle seekers. With close proximity to downtown Punta Gorda, shopping, and local dining spots, this property strikes an ideal balance between seclusion and accessibility. Whether you’re envisioning a winter getaway or a year-round haven, this lot is ready to bring your vision to life in one of Southwest Florida’s most inviting communities.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $36,000 | $36,000 | $36,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $240 | $239 | $304 |
Total Monthly Payment | $315 | $314 | $379 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.