This investment opportunity offers the possibility of purchasing two adjacent lots on Boca Ciega Isle peninsular in St. Pete Beach, with prime waterfront views of the intercoastal waterway across the Street at Boca Ciega Isle Mini Park, the property boasts close proximity to the iconic Don CeSar Hotel and the Tradewinds Hotel, as well as easy access to the golden sands of St. Pete Beach. Both single-story homes on the property have undergone stage one of storm restoration, with drywall removed, allowing for potential redevelopment. The combined lot sizes are 75ft x 100ft for 1145 Boca Ciega Isle Dr ($475, 000) and 75ft x 107ft for 1141 Boca Ciega Isle Dr ($475, 000), offering ample space to build one or two dream homes. The real value here lies in the land, offering an excellent opportunity for a custom build in a highly sought-after location. Don’t miss out on this rare chance to create a luxurious residence in one of the most desirable areas of St. Pete Beach. Easy access to I275 and Tampa International Airport and all the great restaurants, bars and shopping offered both in downtown St Pete and Tampa.
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Our Executive Mortgage Banker:
Our Insurance Division:
$475,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $380,000 | $380,000 | $380,000 |
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 | $597 | $597 | $597 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,496 | $2,526 | $3,205 |
Total Monthly Payment | $3,167 | $3,197 | $3,876 |
* 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.