Last list price adjustment before seller commits to a build project on the property. Seller financing possible. EXCEPTIONAL WATERFRONT PROPERTY, Directly on Sarasota Bay! This coveted Bay Shore Rd address is zoned Estate, over . 76 of an acre waterfront, neighborhood by many bay front estates properties Spectacular views across the water to downtown Sarasota, Ringling Bridge, Lido Key, Longboat Key, and New Pass out to the gulf, and year round sunsets! Majestic oaks provide an enchanted canopied entry to this over 300' deep property opening up to the expansive water views at the rear of the property. Situated in the beautiful Indian Beach neighborhood, located just 2 miles north of downtown Sasasota, surrounded by the Ringling College of Art and Design, Ca'd'Zan, the Also Theater, waterfront park, and so much more. Featuring some of Sarasota's most beautiful historichomes in addition to new masterpieces, Indian Beach is truly the heart of everything. This is a rare opportunity to find a large, direct waterfront, west facing property to build your dream home, come see it today
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Our Executive Mortgage Banker:
Our Insurance Division:
William Raveis Real Estate
RVP, Mortgage Banker
William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr)
Adjustable Rate Jumbo*
|Term||360 months||360 months||180 months|
|Initial Interest Rate**||7.250%||7.375%||7.250%|
|Interest Rate based on Index + Margin||8.125%|
|Annual Percentage Rate||7.903%||7.506%||7.480%|
|Monthly Tax Payment||N/A||N/A||N/A|
|H/O Insurance Payment||$125||$125||$125|
|Initial Principal & Interest Pmt||$16,318||$16,521||$21,836|
|Total Monthly Payment||$16,443||$16,646||$21,961|
* 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.