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Incredible Indian Rocks Beach location! This lot is on the corner of 1st Ave and Gulf Blvd with direct beach access. This is a large Commercial Tourist (CT) Beach lot zoned for 4 units, perfectly sized for a 4 Unit Luxury Townhomes each with a 2 car garage, additional 2 car parking on driveway and three full living floors above. Plenty of room for each townhome to be a 4 bedroom/3 bath with office, all with fantastic views of the beach. There is a dock parcel on the intracoastal available for purchase with the lot. Have the best of both worlds, enjoy a day on the beach or bring your boat to the dock to load up for a day of boating/fishing (marina is directly across intracoastal from dock area). This is for those who are looking for the ultimate luxury vacation home, enjoy views of the sunrise over the intracoastal and take in the sunset over the beach every day! Direct beach access from lot. Being in the CT district means no rental term restrictions and there are so many restaurants within 2 blocks there is no need to drive. Numerous entertainment venues including museum and parks (a top quality water park, skateboard, tennis, basketball, baseball, etc. ) all within the lovely town of Indian Rocks Beach, FL. This lot also comes with blueprints for a 4 unit condo building.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,499,000
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 | $1,999,200 | $1,999,200 | $1,999,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.500% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.046% | 6.634% | 6.575% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,801 | $12,636 | $17,278 |
Total Monthly Payment | $12,926 | $12,761 | $17,403 |
* 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.