A UNIQUE and RARE property in the heart of South Venice 5 minutes from the beach! Selectively Cleared leaving natural areas of Oaks, Palms and Pines. Attached is an up to date survey, topo, feasibility study, and site plan proposal by the engineers at DMK (Site plan is not set, can be modified). Build your dream home, build multiple homes within a compound, or start a development and HOA on this 5. 8-acre lot in Venice. This quiet location is currently zoned residential RE-2 (1unit per acre). A walk across the street is the Sarasota County Nature Preserve. A county maintained canal runs along the southwest side of the property. Electricity is available along the road and currently has a pole run across the canal. There is currently one well (not in operation) on the property, septic system is needed. No HOA or CDD fees. Groceries, dining, amenities and the Historical Downtown Venice all within a 10 to 15 minute drive This location is easy driving distance to four airports. . . Punta Gorda, Sarasota, Fort Myers, and Tampa Airport. ***Structures to be demoed soon, will update pictures. ***
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Our Executive Mortgage Banker:
Our Insurance Division:
$899,999
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 | $719,999 | $719,999 | $719,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.014% | 6.915% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,851 | $4,730 | $6,371 |
Total Monthly Payment | $4,943 | $4,822 | $6,463 |
* 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.