Investor’s Special! This massive 5 bedroom, 4. 5 bathroom pool home with 6, 100 sqft of living space is brimming with potential and offers breathtaking million-dollar views of Charlotte Harbor. The bottom floor has been completely gutted due to damage from Hurricanes Milton and Helene, with drywall removed and floors stripped, making it a blank canvas ready for your custom design. The home features 4 bedrooms on the main floor, while the primary suite occupies the second floor along with a huge bonus room surrounded by windows, offering panoramic harbor views. An elevator provides easy access to both levels, and the property includes two driveways that connect through the garage, allowing you to drive through from either side. Additional highlights include a durable tile roof installed in 2018, newer AC units from 2019, all hurricane-impact windows and sliders, and the seller’s commitment to replacing the dock for your convenience. This boater’s paradise has no bridges, accommodating any size vessel, and comes with the convenience of public sewer and water. The location is unbeatable, less than 5 minutes to restaurants and shops, 8 minutes to Punta Gorda and under 30 minutes to Englewood Beach and Boca Grande. Priced below market value, this gem leaves plenty of room for renovation and profit. Don’t miss your chance to transform this property into the ultimate waterfront retreat!
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$1,400,000
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 | $1,120,000 | $1,120,000 | $1,120,000 |
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 | $1,048 | $1,048 | $1,048 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,264 | $7,171 | $9,834 |
Total Monthly Payment | $8,437 | $8,344 | $11,007 |
* 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.