Build your DREAM home on this EXPANSIVE 70’ x 100' parcel just moments away from the sandy shores! Mid Island Drive is a WEEKLY VACATION RENTAL ZONING! Perfect for Personal use, STR or a combination of both. Already 6 Newly Built Homes on Mid Island drive next to the Amazing LOT. Builder introductions are available. This location offers an opportunity for $200K +/- POTENTIAL INCOME IN THE NEW PROPERTY YOU BUILD HERE. Connecticut Street offers convenient beach access nearby, inviting you to start your day with tranquil sandy strolls, setting the stage for another day in paradise. NOTE: VIRTUALLY EDITED PICTURES INCLUDED IN THE SELECTION OF LISTING PICTURES. Bask in the sun and surf all day, culminating in the mesmerizing spectacle of yet another breathtaking sunset. Nearby trolley stops await to whisk you across the island, allowing you to explore to your heart's content before returning to the embrace of your beautiful new home! Nestled perfectly in mid-island, Mid Island Drive offers an ideal location! Embark on adventures—head north to experience the buzz at Margaritaville and the thriving new downtown scene, or venture south to explore the diverse array of shops and restaurants at Santini Plaza! Join the fortunate few who envision their slice of paradise today and plan for YOUR beachfront haven! Revel in morning beach strolls, frolic in the waves, and cherish priceless sunsets—just steps away from your newly crafted sanctuary in paradise!
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Our Executive Mortgage Banker:
Our Insurance Division:
$599,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $479,200 | $479,200 | $479,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,228 | $3,185 | $4,041 |
Total Monthly Payment | $3,320 | $3,277 | $4,133 |
* 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.