Extraordinary waterfront opportunity in the coveted Venetian Isles. This expansive 11, 304 sq ft lot offers 90 feet of prime waterfront with deep-water access, perfect for large sailboats and providing unrestricted passage to the open bay with no bridges to limit your boating options. A brand new seawall is being installed in 2025. The tile roof was replaced in 2009 and has impact resistant glazing. The home is elevated higher than most in the neighborhood and features many upgrades. It took in about half an inch of water during Hurricane Helene, but the storm water quickly receded and was cleaned up the same night. No remediation has been done, but it is believed that the water did not touch the drywall. The home includes five hurricane-impact sliding doors, providing both safety and stunning views. There is an office space that can easily convert into a third bedroom. The kitchen features onyx countertops with under-lighting, the bathrooms are upgraded and remodeled with premium finishes. High-quality cabinetry and tile are found throughout the home. This property presents a unique opportunity to put your finishing touches to create a luxurious waterfront retreat or to start fresh and build your dream home on this impressive lot. The home has no history of insurance claims. This is your chance to own a piece of prime waterfront real estate in Venetian Isles.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,100,000
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 | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.750% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.239% | 6.849% | 7.037% |
Monthly Tax Payment | $1,307 | $1,307 | $1,307 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,929 | $5,708 | $7,848 |
Total Monthly Payment | $7,360 | $7,139 | $9,279 |
* 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.