Exceptional Opportunity: Double Lot in Prime Location Near the Beach This spacious 1/3-acre property presents a rare opportunity for both homeowners and investors alike. Located just a short walk from the pristine shores of Vilano Beach and the Intracoastal Waterway, this double lot is ready to be transformed into your dream home or investment property. With the possibility to split into two separate lots for two residences, the potential here is boundless. Key Features: Prime Location: A quick walk to the beach, Vilano Pier, Beaches at Vilano Restaurant, and Publix—everything you need just steps away. Double Lot: Offering versatility for future development, with the ability to divide into two separate homesites. No HOA: Enjoy freedom without the constraints of an HOA, and no associated fees. Flood Zone X: Located in a low risk zone where flood insurance is not required, providing peace of mind and saving on insurance costs. Partial Impact Fee Credit: Already in place, adding additional value for the next owner. Utilities: Potential existing power and water provisions from a previously removed home, adding convenience and savings. Ideal for Investors: Short-term rentals are allowed, making this property a highly attractive option for generating income while enjoying the best of coastal living. Sunrise, Sunset, and Ocean Breezes: Whether you’re relaxing with your morning coffee or unwinding at sunset, the ambiance is unmatched. A True Coastal Haven: With easy access to the boat ramp, shopping, and just minutes to downtown St. Augustine, this location offers the perfect balance of tranquility and convenience. Whether you’re looking to build your dream beach home, invest in a lucrative rental property, or create a multi-generational family retreat, this property offers endless possibilities. Experience the beauty, the lifestyle, and the investment potential of this stunning property near Vilano Beach. Check out this property and see for yourself why this is one of the most exciting real estate opportunities on the market. Your coastal dream awaits. Final addresses to be determined by local authorities. Lot lines shown on photos are approximate and not to be relied upon.
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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 | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.278% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,199 | $4,248 | $5,390 |
Total Monthly Payment | $4,291 | $4,340 | $5,482 |
* 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.