Unique, Affordable Opportunity on Lemon Bay – Imagine owning your very own waterfront home along the shores of Lemon Bay—an opportunity to embrace the coastal lifestyle at an accessible price. At 1990-B Bayshore Dr, Englewood, FL, you’ll find a multi-story pool home in need of repair. Imagine your dream waterfront retreat. With 217 feet of open water frontage and a cleared 1. 01-acre lot, this property is your chance to claim a piece of paradise without the premium price tag of a finished estate. Wake each morning to breathtaking, unobstructed views of Lemon Bay, where the beauty of Florida’s pristine coastline stretches before you. Direct water access right in your backyard invites endless adventures—whether it’s kayaking, paddleboarding, or simply enjoying the serene waterscape. A rip rap shoreline adds both stability and character to the property, while the potential for dock construction unlocks boating access to the Intracoastal Waterway and the Gulf of Mexico. Imagine the Possibilities: This home is a blank canvas, offering you the freedom to transform it into a luxurious custom estate or a tranquil retreat tailored to your unique vision. Whether you’re an investor, a visionary, or a dreamer, this property delivers the potential to create a home that reflects your aspirations.
You can take the opportunity to pair this property with the adjacent 1. 41-acre lot (MLS D6139751, Lot 937). The potential to create an estate property on Lemon Bay presents itself. The original home could become a charming guest house, pool house or an income-generating rental, creating an expansive 2. 41-acre waterfront compound with over 380 feet of bayfront when purchased together. Don’t let this extraordinary opportunity slip through your fingers. Stake your claim to the waterfront lifestyle along Lemon Bay and turn your dream into a reality. Contact us today to explore the possibilities and begin your journey to affordable coastal living at its finest.
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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 | $916,000 | $916,000 | $916,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.274% | 6.723% | 6.932% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,094 | $5,865 | $8,106 |
Total Monthly Payment | $6,219 | $5,990 | $8,231 |
* 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.