One or more photo(s) has been virtually staged. One or more photo(s) has been virtually staged. The first twelve photos show the home in its current condition. The remaining photos show its previous condition. "Unparalleled Bayfront Opportunity in Placida, Florida. " Discover the charm of Old Florida living with this unique bayfront property at 12440 Placida Road. Set on an expansive 1. 85-acre lot with 130 feet of waterfront, this home offers breathtaking views of Placida Harbor and Little Gasparilla Island. Built in 1947 by a prominent local fishing family, this historic property carries the legacy of Placida and Boca Grande, with endless possibilities to make it your own. Please note: This property sustained significant damage during Hurricane Milton and will require a complete rehabilitation or the opportunity to build your dream waterfront home. The dock and pool cage also require repairs, adding to the scope for customization and creativity. Despite its current condition, the location is second to none. From the widow’s walk and rooftop gathering area, enjoy panoramic views where dolphins and manatees play in the serene waters. The heated pool and tropical landscaping present the perfect canvas to restore or reinvent a private outdoor oasis. The lot is 1. 85 acres, including submerged lands, and provides direct access to world-renowned tarpon fishing and the pristine waterways of Charlotte Harbor. With no HOA fees or community restrictions, the property offers unmatched freedom to design your vision. Conveniently situated near Coral Creek Airport (3. 4 miles), Gasparilla Marina (0. 8 miles), and the charming amenities of Placida and Boca Grande, you’ll enjoy easy access to restaurants, shopping, and the stunning Gulf Coast beaches. Surrounded by natural beauty and protected lands, this property represents a rare opportunity to create an unparalleled bayfront retreat. Whether you envision restoring this historic gem or building a new coastal masterpiece, this property is your gateway to the best of Florida’s Gulf Coast. Call or text today to explore this extraordinary opportunity!
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Our Executive Mortgage Banker:
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$1,800,000
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 | $1,440,000 | $1,440,000 | $1,440,000 |
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 | $2,004 | $2,004 | $2,004 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,340 | $9,220 | $12,643 |
Total Monthly Payment | $11,469 | $11,349 | $14,772 |
* 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.