Discover the potential of Florida Gulf Coast living with this 8,545± sq ft homesite located on Teak Lane in the desirable Rotonda Meadows community of Placida. This level lot offers public water and public sewer availability, making it an excellent opportunity for your future custom home or long-term investment. Enjoy a peaceful setting with nearby lakes, newer homes, and easy access to world-class fishing, boating, golf courses, and the sand beaches of Boca Grande, Englewood Beach, and Manasota Key. Shopping, dining, and everyday conveniences are just a short drive away. Whether you're ready to build now or secure a piece of Southwest Florida for the future, this property offers outstanding value in a growing area.
Cash purchase only. Buyer to pay all closing costs.
5 TEAK LANE, Placida, FL, 33946
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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