Pre-Construction. To be built. Nestled on the pristine shores of Longboat Key along the Gulf of Mexico, this exceptional property offers a rare opportunity to own a piece of paradise. Spanning nearly 0. 75 acres, the lot provides a prime location for building your dream beachfront retreat. While the previous structure sustained damage from Hurricane Milton, the owners have opted not to rebuild, presenting a blank canvas for new owners with a vision. A notable asset to this property is its beachfront pool, which has been grandfathered in—a unique feature that offers significant value for future development. The pool provides a stunning vantage point overlooking the Gulf, offering a perfect spot to unwind, soak up the sun, and enjoy endless sunsets. With direct beach access, this lot offers an unparalleled setting for enjoying the natural beauty and tranquility of Longboat Key. This expansive parcel provides both privacy and potential, with ample space for a custom-built home designed to maximize breathtaking Gulf views. Whether you’re looking to create a luxurious getaway or an investment property, this beachfront land is a rare and valuable find in a coveted location. The home got damaged by Hurricanne Helen and Milton - It is a tear down. The lot was level and clear of all storms debris ready to be built your dream home.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,900,000
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 | $4,720,000 | $4,720,000 | $4,720,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.296% | 6.622% | 6.680% |
Monthly Tax Payment | $5,503 | $5,503 | $5,503 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $30,614 | $29,834 | $41,116 |
Total Monthly Payment | $36,242 | $35,462 | $46,744 |
* 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.