Rare Lemon Bay Waterfront Opportunity Discover waterfront living on this 1. 40-acre Lemon Bay lot with over 100 feet of pristine, open water frontage. This is a rare chance to build your dream home in one of Southwest Florida's most coveted locations. Imagine waking up to breathtaking, unobstructed views of the bay, with direct water access that makes this property a true gem. The lot has been thoughtfully cleared of underbrush, leaving behind majestic, canopied trees that provide natural beauty and shade, creating the perfect backdrop for your future waterfront estate. With no mangroves to obstruct your views, you'll enjoy direct sightlines to the water and easy access for launching kayaks or paddleboards. The rip rap shoreline not only ensures protection but also enhances the property’s aesthetic and functionality. Extend a dock for unparalleled boating access and embrace the waterfront lifestyle you've always dreamed of. This parcel (Lot 937) also presents a unique opportunity when paired with the adjacent property (MLS D6139749, Lot 938), a 1. 01-acre lot featuring a multi-story pool home needing repair. You can live in the existing home while designing and building your dream home on this expansive lot. Once complete, the original home could serve as a guest house or an income-producing rental, giving you the chance to create your very own waterfront compound. Only 1. 1 miles from Manasota Beach. The possibilities are endless—whether you’re looking to craft a luxurious estate, a private retreat, or a family compound, this lot provides the space, flexibility, and unparalleled open water access to make it a reality. Don’t let this extraordinary opportunity slip away. Call today to explore the potential and secure your slice of Lemon Bay paradise!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,275,000
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 | $1,020,000 | $1,020,000 | $1,020,000 |
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 | $6,786 | $6,531 | $9,026 |
Total Monthly Payment | $6,911 | $6,656 | $9,151 |
* 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.