Waterfront Opportunity in Iconic Pass-A-Grille!
Due to Substantial Damage From Hurricane Helene, this home is being sold as is.
Welcome to 1207 Pass-A-Grille Way, a premier waterfront property that embodies the rare and coveted lifestyle of this historic coastal gem. Imagine having direct access to the Gulf of Mexico and situated in a highly desirable area, this property presents a once-in-a-lifetime chance to create your dream waterfront retreat.
Set on a spacious lot, this property features unobstructed water views with city-owned land to the south, ensuring your vistas remain pristine for years to come. The existing structure is being sold as-is, providing a blank slate for redevelopment. Whether you envision a luxury coastal estate or a savvy investment, the potential here is endless.
Boaters will appreciate the private dock, ready for repairs to restore its full potential, offering direct access to both the Intracoastal Waterway and the Gulf within minutes. And when you’re ready to explore on land, the vibrant shops, restaurants, and iconic charm of 8th Avenue are just a short walk away.
This property is not only a gateway to serene beachside living but also a secure investment in a location where waterfront opportunities are increasingly scarce. With its prime position in the heart of Pass-A-Grille, this slice of paradise combines unparalleled natural beauty with a thriving coastal community.
As redevelopment will require FEMA compliance and current building codes, this offering is best suited for visionary cash buyers or investors ready to capitalize on its immense potential.
Don’t miss this rare opportunity to craft your dream home or investment property in one of Florida’s most treasured waterfront communities. Schedule a viewing today and start imagining the possibilities that await! (For recent comps, many PAG properties have sold off-market, go to the property appraisers website, adjacent property north just closed).
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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 | $1,480,000 | $1,480,000 | $1,480,000 |
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 | 7.559% | 6.723% | 6.847% |
Monthly Tax Payment | $2,115 | $2,115 | $2,115 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,599 | $9,477 | $12,994 |
Total Monthly Payment | $11,839 | $11,717 | $15,234 |
* 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.