Highly sought after neighborhood of Golden Beach. This property is being sold for land value only. The exceptional property is a rare gem, ideally located just minutes from the pristine beaches where the breezes and sounds of waves become part of everyday rhythm of life. It's a blank canvas waiting for your vision to unfold, offering the freedom to create anything you desire and more. The location also places you in the heart of everything you need. Within minutes, you have access to vibrant array of shopping, dining, and entertainment options. Whether you are in the mood for the fine dining, casual cafes, or boutique shops, everything is in close proximity, offering the perfect balance of relaxation and convenience. Medical facilities are nearby, giving you peace of mind with top notch care. With such a coveted location, this property is ideal for anyone looking to build a custom home. You'll have the freedom to shape the design, materials, and layout to suit your personal style and needs, whether you want a sleek, modern retreat or a sprawling Venice island estate. It's the perfect opportunity to create a one of a kind sanctuary in one of the most desirable locations on the coast.
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Our Executive Mortgage Banker:
Our Insurance Division:
$704,900
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 | $563,920 | $563,920 | $563,920 |
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 | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,752 | $3,748 | $4,835 |
Total Monthly Payment | $3,844 | $3,840 | $4,927 |
* 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.