Simply Stunning Waterfront estate on Snead Island! This extraordinary 2. 12-acre parcel on the Manatee River is a rare gem. Nestled in a peaceful and private location near Emerson Point Preserve on Snead Island, this property offers unmatched serenity and potential.
As you journey down the long driveway, you’ll find yourself immersed in the natural beauty of the private pond, mature trees, and lush landscaping that surround the property. With 120 feet of direct river frontage, the possibilities for creating your dream waterfront retreat are endless. The main home has sustained hurricane damage and is being sold as-is. You have the opportunity to restore it with your own vision or build a brand-new residence to suit your lifestyle. Above the garage, you’ll find a fully functional guest or in-law suite. This one-bedroom, one-bathroom suite includes a living area, kitchen, and a charming back porch with sweeping views of the river—a perfect space for visitors or extended family. Imagine sitting around the firepit, surrounded by nature, as you take in the sunsets every night. The possibilities are nearly limitless, making this property truly special. Detached three car garage and additional storage shed are an added bonus. Located on Snead Island, one of the undiscovered treasures of Florida’s West Coast, this location offers something for everyone. Whether you’re dining or boating at the local yacht club, biking or kayaking the trails of the 365-acre Emerson Point Preserve, or visiting the horses at the local stable, Snead Island is Old Florida living at its finest. Snead Island is an ideal location with an easy commute to downtown St. Pete or downtown Sarasota. This is a once-in-a-lifetime opportunity to tour and embrace this magnificent property before it’s gone. Seize the chance to make it yours today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,999,000
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 | $1,599,200 | $1,599,200 | $1,599,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.286% | 6.874% | 6.972% |
Monthly Tax Payment | $602 | $602 | $602 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,640 | $10,372 | $14,151 |
Total Monthly Payment | $11,367 | $11,099 | $14,878 |
* 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.