8. 64-acre vacant land located directly on the Gulf of Mexico in Hudson Beach, Florida. This property is located at Gulf Island Beach & Tennis Club, a gated condominium complex consisting of (3) 108-unit buildings, built in the mid 1980's. The original plan included a 4th 108-unit building (Phase IV) to be built on the 8. 64-acre land, which is now available for sale. This property is currently zoned for 88 units with a possible max of 108 units. A Public Hearing Is Not Required for this project and There Are No Height Restrictions. See attached Zoning and Site Conformance Letter.
This property also has the possibility to be rezoned Hotel.
Pasco Land Development Code, MF-1 Zoning District Standards, Subsection 518. 4. K allows for Hotels, Motels, Condos, Bed and Breakfasts, and tourist homes by Special Exception. A special exception request requires one public hearing in front of the Planning Cm. The Planning Cm is the final decision-making body for Special Exceptions.
See attached MF-1 Zoning District Standards.
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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 | $4,792,000 | $4,792,000 | $4,792,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.261% | 6.748% | 6.847% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $31,881 | $30,684 | $42,073 |
Total Monthly Payment | $32,006 | $30,809 | $42,198 |
* 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.