RARE OPPORTUNITY TO OWN OVERSIZED BAYFRONT LOT IN PRESTIGIOUS CAPE HAZE! House was water damaged by both Hurricanes Helene and Milton, and property is listed for LOT VALUE ONLY. Just short of an acre (. 96), this beautiful piece of property is the perfect site for the home of your dreams. Nestled on a quiet street in the deed restricted subdivision of Cape Haze, your new residence would be adjacent to several multi-million dollar homes. Seawall was recapped and repaired a few years ago, and pilings are in place to allow dockage of a large vessel, with direct access to the Intracoastal Waterway, Lemon Bay, and the Gulf of Mexico. Protective island across the Intracoastal Waterway provides a buffer from storms. Cape Haze, originally founded in the 1950's by the Vanderbuilt family, offers a private beach on Don Pedro Island, as well as a community center and an active social calendar, for those who choose to participate in the voluntary HOA. The location could not be better, as it's within minutes to both Englewood and Boca Grande, offering multiple choices for beaches, restaurants, shopping, golf courses and so much more.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,700,000
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 | $1,360,000 | $1,360,000 | $1,360,000 |
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 | $727 | $727 | $727 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,821 | $8,708 | $11,941 |
Total Monthly Payment | $9,673 | $9,560 | $12,793 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.