Exceptional Intracoastal homesite in sought-after Lauderdale by the Sea! An unparalleled opportunity awaits to build your dream home on one of the most coveted pieces of real estate in the highly desirable Lauderdale by the Sea area. This rare, tear-down property is nestled perfectly between the serene Intracoastal Waterway and a few blocks from the pristine sands of the beach, offering the ideal canvas for a custom, waterfront residence. Imagine waking up each day to sweeping views of the Intracoastal in your backyard where you can watch the boats glide by, or relax in the evening with stunning sunsets as the backdrop. The location doesn’t get any better – just a short walk to the beach, and the charming, vibrant town of Lauderdale by the Sea, with its quaint shops, renowned dining, and laid-back coastal ambiance. The possibilities are endless with this exceptional property Add a private boat lift and, in just a short scenic ride, you’ll be out on the open Atlantic Ocean, enjoying world-class boating, fishing, and water sports at your leisure. Alternatively, you can explore the many waterfront restaurants along the Intracoastal Waterway, where fresh seafood and beautiful views await you. After a day on the water or enjoying the town, unwind by lounging poolside in your own luxurious backyard oasis, where you can take in the picturesque views of the Intracoastal, or simply bask in the tranquility of this prime location. Additionally, you’re only a short drive away from all the excitement that Fort Lauderdale offers, or you can take a trip down to Miami for world-class shopping, dining, and entertainment. Properties like this don’t come up often. Seize this rare opportunity to create your ultimate coastal retreat, in one of South Florida’s most sought-after locations. This is the lifestyle you've been waiting for.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,200,000
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 | $2,560,000 | $2,560,000 | $2,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.296% | 6.622% | 6.680% |
Monthly Tax Payment | $814 | $814 | $814 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,604 | $16,181 | $22,300 |
Total Monthly Payment | $17,543 | $17,120 | $23,239 |
* 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.