One or more photo(s) has been virtually staged. Location-Location-Location - Exceptional deep open water residential homesite nestled on a cul-de-sac on sought after Bay Point Drive. Properties seldom listed due to the deep open intercoastal waterway access and unobstructed panoramic views. Rare chance to own a piece of paradise in one of Florida’s most sought-after beach towns! True boaters paradise featuring a double composite boat dock with 2 lifts capable of accommodating a 16, 000 lb and a 8, 500 lb boat, along with davits, a convenient SUP/Kayak launch area and a fish cleaning station. This premier homesite offers direct waterfront access, great for boating enthusiasts with 88ft of water frontage and less than 1 mile to Gulf access at Johns Pass. This prime showcase building lot offers the rare opportunity to build a coastal retreat (including a pool) quickly with the land survey, geotechnical exploration soil report already completed, demolition permit approved and building plans available to future buyer! Current home structure received flooding during recent hurricane season and will be a dream homesite after a house elevation or rebuilding for FEMA compliance.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,499,900
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 | $1,199,920 | $1,199,920 | $1,199,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $300 | $300 | $300 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,783 | $7,683 | $10,535 |
Total Monthly Payment | $8,208 | $8,108 | $10,960 |
* 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.