Now available! Beautiful location for your new beach home! For a builder, wanting to expand their exposure and show Beach residents what you could offer them on rebuilding, lifting or an eye-catching quality new build for their already owned a lot, … this address (498 Crystal Drive) could be just what is needed. As residents are making important decisions on what their next step is with their current Beach home, they can see your quality work as they enter and leave Crystal Island. This location is really nice being on a private feeling cul-de-sac, yet the front, back and side of this home can be seen by potential customers every time they drive into and leave. Let everyone see your architectural design, your quality craftsmanship, and materials - as you construct the home. For boaters, take a look at the map and see the attractive quick access to John’s Pass (only minutes away)and the Gulf of Mexico. Head southwest from your backyard to the Pass without any bridges along the way. Plenty of deep water too! Enjoy sunsets from the backyard and take in the Florida fresh air. Year round kayaking, paddle boarding are amazing. See the dolphins and manatee and so much more. Free flowing intracoastal canal without any blockage allowing for fresh flow of incoming and outgoing tides. The current owner has lived here 41 years and loves it home. When the property flooded in September 2024 with thousands of others on the Florida coast, he has decided to allow someone else that opportunity to build new or rebuild. This was a rare storm and the home had no salt water flooding in all those approx 41 years of his ownership until this storm in 2024. May the next owner love and enjoy this residence as much as - or more for the years to come!
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Our Executive Mortgage Banker:
Our Insurance Division:
$699,000
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 | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $239 | $239 | $239 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,674 | $3,674 | $4,681 |
Total Monthly Payment | $4,005 | $4,005 | $5,012 |
* 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.