Two adjacent lots totaling 0. 33 acres on a corner with paved roads and power nearby, providing ease of development, configuration and access. The area is gaining momentum, with sales dominated by new construction homes.
Shown are drawings and photos of homes that would fit perfectly on one of the lots. These homes are designed to make the most of the space. With a conventional or FHA Loan you can a local lender and one of the local contractors who’s built these to provide a detailed estimate on final build cost based on your specific selections.
With a new home being built directly across the street, this is a fantastic opportunity to build your dream home or even construct one home now and another in the future.
Tropical Gulf Acres is a tranquil and welcoming neighborhood with a variety of properties, making it ideal for both full-time residents and seasonal living. Its prime location offers quick access to Route 41 and Interstate 75, and you’re just a short drive away from the vibrant, historic downtown Punta Gorda in under 15 minutes. Punta Gorda is known for its charming downtown, waterfront dining, and abundant recreational opportunities.
With local parks, fishing spots, and a laid-back atmosphere, Tropical Gulf Acres is perfect for those who enjoy outdoor activities and a peaceful lifestyle, all while being close to urban amenities and attractions. Whether you’re looking to build now or invest in the future, this growing neighborhood offers excellent potential for appreciation.
Don’t miss the chance to secure this prime piece of property in one of the area’s most up-and-coming neighborhoods!
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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 | $20,000 | $20,000 | $20,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.171% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $133 | $133 | $171 |
Total Monthly Payment | $208 | $208 | $246 |
* 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.