Living in this highly sought-after marina community is an opportunity of a lifetime. This property is being sold for the value of the land, making it an ideal location for your new build. The current structure is scheduled to be demolished and removed, pending the issuance of permits. Sellers will be responsible for covering all expenses related to the removal, including the demolition of the existing slab. Once the demolition and hall-away are completed, the remaining structure will serve as a blank canvas for you to create your ideal oasis! Note that this is one of the larger lots in Trailer Estates, boasting a 50-foot frontage, which is significantly longer than the average 40-foot frontage of most other lots in the area.
Beyond being a beautiful place to live, this community is also a Park and Recreation District. It features a marina, boat launch, pool, beach on Sarasota Bay, community center, post office, kayak storage and launch, beach pavilion, and much more. Whether you’re an active lifestyle enthusiast or prefer to relax, there’s something for everyone here.
Shuffleboard, pickleball, bocce ball, boating, sunning at the pool, or relaxing in the hot tub are just a few of the activities available. There are also bingo, card games, art activities, and numerous clubs that make this community great.
This is a 55+ community, and deed restrictions apply. If you’re considering a new build, feel free to call to discuss home removal and replacement timing & process.
And if you’re thinking about renting a boat slip, the average annual cost is $650 (not a typo, not a month).
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$65,000
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 | $52,000 | $52,000 | $52,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.153% | 7.146% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $337 | $346 | $439 |
Total Monthly Payment | $412 | $421 | $514 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.