PRIME WATERFRONT OPPORTUNITY ON LEMON BAY WITH 240 FOOT DOCK GRANDFATHERED- IN SARASTOA COUNTY!!!! Discover the unparalleled potential of this prime waterfront property on Lemon Bay. Located at 138 Winson Ave. in the heart of Englewood, this property offers an extraordinary chance to create your dream retreat.
While the existing home has been gutted following hurricane damage from Helene and Milton, this blank slate invites you to remodel or start fresh with a brand-new build. This true highlight of this property lies in its breathtaking location. The home offers direct access to Lemon Bay with a 240 foot dock and boat lift (in need of repair) providing unmatched access to the beautiful Lemon Bay and the Gulf of Mexico.
Opportunities like this are rare. Whether you envision a total remodel of this existing waterfront home or rebuilding a charming coastal escape, this property sets the stage for an extraordinary lifestyle. This home has so much potential and would be considered a great candidate for being lifted and elevated.
This home is located just two blocks from Dearborn Street, a charming and historic area in Englewood, Florida. Situated in the heart of the town's historic district, Dearborn Street is known for its unique blend of old-world charm and modern amenities. The street hosts vibrant community events, including the weekly farmers market on Thursdays and the classic car show on Saturdays. The farmer’s market is a popular destination for foodies and health enthusiasts, offering fresh and locally sourced produce, artisanal cheeses, baked goods, and other delicious treats. Opportunities like this are rare. Whether you envision a modern waterfront masterpiece or a charming coastal escape, this property sets the stage for an extraordinary lifestyle. Don’t miss your chance to own a slice of paradise on Lemon Bay!
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William Raveis Mortgage, LLC
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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 | $479,920 | $479,920 | $479,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.990% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.153% | 7.146% | 6.160% |
Monthly Tax Payment | $307 | $307 | $307 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,113 | $3,190 | $4,018 |
Total Monthly Payment | $3,512 | $3,589 | $4,417 |
* 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.