GULF ACCESS WATERFRONT lot cleared and ready to build in the desirable boating community of South Gulf Cove with brackish water canal frontage and quick access to the intercoastal waterways and Harbor (approximately 5 minutes trip from the lagoon to the Harbor). The lot is centrally located near shopping, restaurants, schools, golf courses, and other local attractions. The area has attracted an abundance of new construction while keeping property values high. The location also affords plenty of privacy with vacant lots across the canal and frontage road. There are plenty of activities available for everyone such as fishing, watching the Tampa Bay Rays at spring training camp, and other sports events, all within 20 minutes away. Enjoy the pristine beaches of Boca Grande, Englewood, and Manasota Keys, all within 20-30 miles. This lot is completely ready to build a dream homesite with a cost-saving 80-FOOT CEMENT SEAWALL which runs the entire length of the lot. There is plenty of room for a pool and spa. This is a special and rare lot and a chance to be on a fantastic waterway. Don't hesitate and lose the opportunity to build your dream home in a dream location and enjoy the Florida lifestyle. This is a must-see lot.
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Our Executive Mortgage Banker:
Our Insurance Division:
$170,000
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 | $136,000 | $136,000 | $136,000 |
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 | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $905 | $904 | $1,166 |
Total Monthly Payment | $980 | $979 | $1,241 |
* 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.