Welcome to the site of your new construction build! This beautiful location consists of an oversized lot on a canal that has gulf access! The lot is already cleared and has a concrete seawall constructed in 2018 with extra tall 10 ft. and 6" thick concrete panels for deep-water canal. There are also site plans available of a new modern style 3 bedroom 2 1/2 bath with an oversized 4 car garage. What more can you ask for. Conveniently located near the soon to break ground 7 island project that will consist of "Gulf Gateway Resort & Marina Village is proposed for the Seven Islands development which is approximately 47 acres located alongside Old Burnt Store Road. We envision the Seven Islands properties as a destination with waterfront living, vacationing, dining, shopping and entertainment. Plans for the proposed mixed-use project include: Condominiums Apartments a Marriott-branded hotel with 240 rooms Fish Houses Waterfront Restaurants Tiki Bar Public Marina and Boat Slips Lagoon Resort - creating a beach environment on the waterfront – turning the hotel into a resort destination Meeting Rooms/Spaces - over 10, 000 sq. Ft. Commercial An Entire Island to Include a Community Center, Restaurant On The Water With Outdoor Seating, Splash Pad with Shade Canopy, Kayak Launch, Outdoor amphitheater, dog park, and a Hip Food Truck Park which will be built in stages over the next 10 years. For now golfing and beaches are nearby waiting just for you.
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Our Executive Mortgage Banker:
Our Insurance Division:
$219,999
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $175,999 | $175,999 | $175,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,156 | $1,170 | $1,484 |
Total Monthly Payment | $1,231 | $1,245 | $1,559 |
* 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.