ASPIRING BUILDERS DREAM PROPERTY! Welcome to a stunning waterfront property in the desirable Island Estates community! This property features a charming circular driveway and a newer raised seawall (installed in 2019) that enhances its appeal. While it experienced flooding of 2-3 feet due to Hurricane Helene in October 2024, the seller has taken proactive measures to restore the property. All affected drywall has been removed, along with damaged appliances, and a full microbial cleaning has been completed. Plus, the roof was replaced in 2021, ensuring a solid foundation for your new vision! This is a prime opportunity for builders looking to design and construct their personal sanctuary for relaxation and fun. The prime location in Island Estates offers an unparalleled lifestyle with an abundance of outdoor activities. Enjoy serene walks, sunset cruises, and biking to local beaches and restaurants. Plus, the city's new venue "The SOUND" is just a stroll away, perfect for live concerts and events! You’ll love the convenience that comes with living in this vibrant community, with the Clearwater Marine Aquarium nearby, a Publix shopping center for all your needs, and an assortment of dining options to satisfy every craving—all while surrounded by friendly neighbors. This property is your blank canvas, ready for your creativity to shine. Don’t miss out on the chance to create your dream home in the best community in Pinellas County! Reach out today for more details or to schedule a viewing!
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:
$1,350,000
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 | $1,080,000 | $1,080,000 | $1,080,000 |
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 | $500 | $500 | $500 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,005 | $6,826 | $9,408 |
Total Monthly Payment | $7,630 | $7,451 | $10,033 |
* 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.