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Seize the chance to own this rare and coveted vacant lot, perfectly situated just steps from the sparkling shores of North Beach in beautiful New Smyrna Beach, Florida. Nestled across from the picturesque Esther Street Park, this parcel offers uninterrupted ocean views and the soothing sound of the waves as your daily backdrop. Design your dream beachside retreat—imagine a three-story modern coastal home with a rooftop deck where you can bask in panoramic ocean views, or a chic contemporary residence blending seamlessly into the vibrant beachside neighborhood. The possibilities are endless on this zoned multi-family lot, which allows for creative configurations, whether you're building a private residence or an upscale vacation rental. Located within walking distance to the vibrant Flagler Avenue, you'll have immediate access to boutique shops, gourmet dining, and lively festivals, all while enjoying the tranquility of a quiet, quaint street. With no developments obstructing your view and the beach just a few steps away, this is the ultimate spot to indulge in the coastal lifestyle. Don't miss this rare chance to bring your vision to life in one of New Smyrna Beach's most sought-after locations. Contact us today to explore the endless potential of this exceptional property! Make all offers known~
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Our Executive Mortgage Banker:
Our Insurance Division:
$599,000
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 | $479,200 | $479,200 | $479,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.949% | 7.017% | 6.034% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,951 | $3,148 | $3,979 |
Total Monthly Payment | $3,043 | $3,240 | $4,071 |
* 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.