This is a fantastic opportunity to build your dream home in the serene Blue Heron Subdivision on Terra Ceia Island. Situated on a quiet cul-de-sac with only 12 homes in the community, this lot offers privacy and tranquility. Spanning just under a quarter acre, the property boasts views of Terra Ceia Bay and a wooded backyard, creating the perfect setting for your custom-designed home. Owners will have access to and use of common areas including a private dock with boat slips, a pool, and a storage area for trailers and boats. This lot provides ample space to bring your vision to life, whether you're seeking a cozy retreat or a spacious family residence. Terra Ceia Island also offers an optional membership to the Village Association, which gives you access to the local Seabreeze Community Park, a boat ramp, pickleball courts, playground, fishing pier and picnic area. Terra Ceia is a vibrant community with a focus on family and local events, especially for children. With Ananda Farm being a part of the community, it provides a chance for children and families to connect with nature and learn about sustainable farming practices. You will be invited to participate in our famous Island event the annual Mullet Cook-Off Festival. With its peaceful location, natural beauty, and access to community amenities, this lot is a rare gem waiting for you to make it your own. Terra Ceia is a slice of Old Florida where residence use golf carts to get around. Boating, fishing, canoeing, and paddle boarding are popular in the Terra Ceia Aquatic Preserve surrounding the island. Located just south of the Sunshine Skyway Bridge you will have easy access south to Sarasota or north to St. Petersburg & Tampa via two interstate highways. Visit the Island's website to learn more- terraceiavia. com.
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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 | $279,200 | $279,200 | $279,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,881 | $1,856 | $2,355 |
Total Monthly Payment | $1,956 | $1,931 | $2,430 |
* 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.