Great opportunity to own your very own 1. 26 acre peninsula with approximately 400 ft of frontage on US 41 and over 900 ft of frontage on the Myakka River. Truly a one-of-a-kind property with beautiful panoramic views. Currently being used as a RV Resort. Property features 12 RV spots with its own individual electric meter, water and waste lines along with a duplex apartment. The water system is well water, and Septic tank for waste lines. Duplex building has 1 bed 1 bed, recently renovated with new hurricane impact windows, New roof, New kitchen and granite. Also featuring a common area/utility building that has two separate restrooms, each with showers, and laundry room on the premises. Each RV space and duplex all have brand new water mains and backflow preventers going to each space. Brand new reverse osmosis system with brand new equipment such as pumps and water softener. Park just had new asphalt throughout. Take the Myakka River out to the Gulf of Mexico. Five-minute drive to the Braves Spring training located in Wellen Park. Walking distance right to the Myakka River Oyster Bar and Seafood Restaurant. Close to Englewood, Manasota, and Venice Beach. Sarasota Memorial Hospital is breaking ground for a new facility just North on Route 41 along with a New Costco. FINANCING AVAILABLE
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
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 | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.148% | 6.760% | 6.806% |
Monthly Tax Payment | $718 | $718 | $718 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,883 | $7,684 | $10,536 |
Total Monthly Payment | $8,726 | $8,527 | $11,379 |
* 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.