Introducing 115 Inlet Dr. an Iconic Davis Shores Waterfront Estate- Perfectly situated with deep water access on Salt Run just off the St. Augustine Inlet and Intracoastal waterway. Breathtaking and upfront water views from almost every room of this 6, 980sf residence boasting a total of 5 bedrooms, 8 full baths, a movie theater room, a conditioned gym, a separate workshop, an elevator, gorgeous pool and dock with room for a 65' vessel, plus garages for 4 cars! Currently paused on a full and major renovation for its next owners to complete writing their story with this home. Building plans with features already purchased and onsite with an estimate of cost the purchaser would need to finish this home while adding your touches. Work to date includes but not limited to all electrical and plumbing to pre-drywall condition, updated floor plan framed out with reengineering to an open plan, roof and siding, doors and windows, smart house wiring throughout, front door and garage doors. The 2nd floor deck is over 1, 100sf and offers unparalleled views of Salt Run, Anastasia State park and the Atlantic Ocean. Don't miss the opportunity to have a one of a kind waterfront compound in Davis Shores! Location is key, and this home is just a short walk or bike ride away from all the wonderful things St. Augustine has to offer! Conch House Marina is a stones throw away, take a bike ride or walk to Historic St. Augustine, peruse the farmers market at the Amphitheater, stroll through Anastasia State Park, or walk to many great restaurants. This property has the potential to be a lucrative waterfront Airbnb or corporate retreat! can't wait to see you there!
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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 | $2,399,200 | $2,399,200 | $2,399,200 |
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 | $3,331 | $3,331 | $3,331 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,561 | $15,362 | $21,065 |
Total Monthly Payment | $19,017 | $18,818 | $24,521 |
* 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.