HOME IS BEING SOLD FOR LAND VALUE. Opportunity awaits at 306 Blanca Lane, a rare open bay lot available for the first time in 35 years! This expansive 34, 868 square foot lot on the open bay on Davis Islands, one of South Tampa's most coveted communities, presents an exceptional canvas to build your dream home. With its prime waterfront location, you can design a residence that captures stunning views and embraces the luxury of island living. Boasting 124 feet of pristine water frontage, you'll enjoy stunning sunsets throughout and breathtaking views of downtown from the upper levels and rooftop deck of your future residence. With unparalleled privacy as one of just three open bay lots on Blanca Lane, this property provides a unique lifestyle. Experience the coveted Davis Islands community, rich in recreational opportunities both on and off the water, including a yacht club, private airport, tennis complex, community pools, and downtown area with shopping and, eateries, and parks. With A-rated schools and close proximity to Water Street, Riverwalk, sports venues, shopping, dining, and entertainment, this is an opportunity to embrace luxury and exceptional waterfront living in the heart of South Tampa. Don’t miss this chance to create your perfect oasis on one of the largest open bay parcels on the island!
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Our Executive Mortgage Banker:
Our Insurance Division:
$15,250,000
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 | $12,200,000 | $12,200,000 | $12,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.636% | 6.684% |
Monthly Tax Payment | $1,476 | $1,476 | $1,476 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $78,118 | $77,112 | $106,275 |
Total Monthly Payment | $79,719 | $78,713 | $107,876 |
* 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.