Welcome to your private sanctuary within the luxurious Ocean Hammock Community! This expansive near 1/4 acre vacant lot invites you to create your own piece of paradise along the tranquil shores of a picturesque lake. With 70 feet of lake frontage, immerse yourself in the serenity of waterfront living, where breathtaking views and gentle breezes await. Embrace the freedom to design your dream home with established utilities already in place and the added bonus of an 8-foot easement from the adjacent home, offering the flexibility for a wider footprint. Picture yourself waking up to stunning sunrises over the water and enjoying leisurely evenings watching the sunset paint the sky in hues of orange and pink. Indulge in the coastal lifestyle just minutes away from the gorgeous Atlantic Ocean. Across the street, a lush preserve guarantees privacy. Security and exclusivity are paramount within the Ocean Hammock Community, ensuring peace of mind with a guard-manned gate. Here, you'll find the perfect balance of privacy and community, surrounded by upscale amenities. Don't miss this extraordinary opportunity to turn your vision of waterfront living into reality. Whether you seek a serene retreat or an entertainer's paradise, this vacant lot offers endless possibilities to create the oasis you've always dreamed of. Take the first step towards your coastal paradise and seize this rare opportunity today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$290,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $232,000 | $232,000 | $232,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,544 | $1,542 | $1,989 |
Total Monthly Payment | $1,619 | $1,617 | $2,064 |
* 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.