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Clearwater – This one-of-a-kind, beautiful 3. 6-acre parcel is ready for development. Located high and dry in a non-evacuation zone designated flood zone X, this buildable property is ready to subdivide or build the estate of your dreams. This former farm is desirably located on McMullen Booth Road just south of Enterprise Road and surrounded by numerous prominent neighborhoods in the Safety Harbor/Clearwater area. The western part of this parcel, approximately 1. 3 acres, will be annexed into Renaissance Oaks - one of Pinellas County’s premier private gated communities. The remaining approx. 2. 3 acres eastern part fronting McMullen Booth Road has a variety of possible uses from remaining unincorporated while using the current agricultural/residential zoning to have a private retreat to annexation into the City of Clearwater and subdividing to build multiple beautiful homes. There are mature trees strategically grown to enhance the serene country estate feeling. Tucked away with a treelined drive, this property is nestled in one of the most sought-after areas in Pinellas County. This location has many desirable benefits as it is near Downtown Safety Harbor with all it has to offer, a short drive to multiple airports, close to the world-famous Gulf Beaches, and many event venues and arenas. The Seller is looking for the right buyer who sees the potential of this unique property. Perfect for someone with vision and prior experience in land purchase, division, and development. This unique parcel is being sold as land only – buildings hold no value and are considered to be tear-downs. Come take a look…You’ll like what you see!
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William Raveis Real Estate
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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 | $1,680,000 | $1,680,000 | $1,680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.148% | 6.748% | 6.701% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,036 | $10,757 | $14,635 |
Total Monthly Payment | $11,161 | $10,882 | $14,760 |
* 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.