On one of the most desired streets in The Moorings, this incredible bayfront retreat offers a rare opportunity to create your dream. The property is on a . 76-acre double lot, featuring 238 feet of street frontage with an expansive yard and 158 feet of pristine water frontage. The stunning views of Venetian Bay await, while the Gulf of Mexico is just a short boat ride from your doorstep. The residence, a spacious 7, 735 square-foot home, has no history of water intrusion, according to the owner, and presents a canvas for remastering. Boasting five bedrooms, a dedicated study, six and a half bathrooms, a five-car garage, and multiple living and entertaining areas inside and out, this home offers a versatile layout that can be transformed into a luxurious masterpiece. Recent improvements to the home include new interior and exterior paint, air conditioner split units in the garages, updated landscaping, and a dock and boat lift with recent adjustments to accommodate a 30, 000-pound vessel. Alternatively, capitalize on the rare potential to subdivide this property and build two spectacular waterfront homes, each with incredible views and direct access to the bay. This exceptional property is in the heart of The Moorings, offering available access to the private Moorings beach park and nearby access to the incredible shopping and dining at Venetian Village. Whether you choose to remaster the existing home or embark on a new development project, the location, views and privacy are unparalleled.
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Our Executive Mortgage Banker:
Our Insurance Division:
$10,500,000
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 | $8,400,000 | $8,400,000 | $8,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $4,371 | $4,371 | $4,371 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $54,482 | $53,786 | $73,751 |
Total Monthly Payment | $58,978 | $58,282 | $78,247 |
* 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.