This waterfront lot with direct gulf access in a GREAT San Carlos Island location just over the bridge from Fort Myers Beach is ready for your new home! The unique zoning opportunities on this street give the owner the option to build a dream single family home for personal use or use the home as a rental property when desired or all the time. Or, buy the lot along with the elevated home directly next door at 850 Oak Street. There are no rental restrictions so short or long term rentals are permitted! Another option is purchase a new manufactured home for the property. No HOA fees! This lot is ready to build and already has a stable seawall already in place as well as 200 amp electric and 50 amp plug in for an RV ready to go. There's a new electrical panel as well. Dock and 10, 000 lb boat lift included! The boat lift has all new pilings and can be controlled remotely using the Gem remote control. Water is available at the dock. In addition to the proximity to Fort Myers Beach, San Carlos Island is home to the Key West Jet Express and local and visitor favorites Bonita Bills, Tina's Bar, Doc Ford's, Dixie Fish. Parrot Key and more coming! Just across the bridge to the new Margaritaville Resort where day passes are available. Now is great time to get in on the resurgence of the Fort Myers Beach area!
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Our Executive Mortgage Banker:
Our Insurance Division:
$389,000
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 | $311,200 | $311,200 | $311,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,070 | $2,044 | $2,624 |
Total Monthly Payment | $2,145 | $2,119 | $2,699 |
* 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.