Situated in the coveted Apollo Beach neighborhood, this prime waterfront property is ready for a complete transformation. The existing 3-bedroom, 2-bathroom home has been fully demoed, clearing the way for a brand-new vision to come to life. With an expansive 12, 500 sq ft lot and stunning canal views, the potential is limitless for creating your dream waterfront retreat or a profitable investment property. This property sits on a spacious 0. 29-acre lot, and the existing structure offers 1, 879 sq ft of heated space, and the total area of the property spans over 2, 500 sq ft. The waterfront location provides direct access to a saltwater canal that leads to Tampa Bay, complete with a concrete seawall and private dock. Whether you're an investor looking to capitalize on the highly sought-after Apollo Beach location or a homeowner ready to build your dream oasis, this property offers a fantastic opportunity. Imagine designing a modern masterpiece with panoramic water views, a private pool, and ample outdoor living space. The surrounding area boasts proximity to golf courses, marinas, and vibrant local dining and shopping options. Whether you're planning a private residence or a short-term rental investment, this is a location that offers both tranquility and convenience. With no HOA fees and a versatile lot, the possibilities are endless. Don’t miss your chance to own this exceptional property and turn it into your next success story. Schedule a tour today and start envisioning the future of 729 Spanish Main Dr!
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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 | $548,000 | $548,000 | $548,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.386% | 6.623% |
Monthly Tax Payment | $797 | $797 | $797 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,646 | $3,738 | $4,736 |
Total Monthly Payment | $4,535 | $4,627 | $5,625 |
* 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.