A rare opportunity to fast-track the creation of a custom home in Delray Beach's most sought-after beachside neighborhood, where buildable land has become exceptionally scarce. Waterway Lane is an exclusive, quiet, dead-end street of just ten homes, ideally positioned between the Intracoastal Waterway and the Atlantic Ocean. This offering delivers more than land--it delivers time. The substantially cleared 100' x 141' lot is ready to move forward, with the option to purchase, at an additional cost, approved building plans for a thoughtfully designed single-story four-bedroom residence. Acquiring a project at this advanced stage allows a future owner to bypass years of design, permitting, and uncertainty in a location where opportunities are rapidly disappearing.
1117 Waterway Lane, Delray Beach, FL, 33483
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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