Welcome to the waterfront boating community of South Gulf Cove, where your dream of owning a beautiful oversized lot can become a reality. This expansive lot spans an impressive 32, 777 square feet, providing ample space for you to build your new Florida home. With the possibility of breathtaking waterviews, this property offers a truly idyllic setting. One of the key advantages of this lot is that all utilities are already in place, eliminating any hassle or delays in the construction process. You can start building your dream home immediately and create the perfect sanctuary tailored to your preferences. South Gulf Cove is a thriving neighborhood witnessing a surge of new construction, boasting an array of stunning new homes. Join this vibrant community and be surrounded by the beauty of nature, as well as the inspiring architecture of your neighbors. This prime location offers easy access to the world-renowned Southwest Florida beaches, with Boca Grande and Manasota Key just a short 15-25 minute drive away. Picture yourself strolling along pristine sandy beaches, soaking up the sun, and enjoying the gentle sea breeze. In addition to its coastal proximity, South Gulf Cove provides residents with a wealth of amenities. Beautiful parks, marinas, and a community boat ramp are at your disposal, granting you effortless boating access to the Gulf of Mexico, nearby islands, and more stunning sandy beaches.
This lot presents a fantastic investment opportunity, allowing you to build now or hold onto it for future development. Moreover, we have established partnerships with several quality area builders, catering to all price points. Reach out to us today, and we will gladly provide you with floor plans and assist you in turning your vision into reality.
Come and experience the relaxed Florida lifestyle that awaits you in South Gulf Cove. Embrace the tranquility, beauty, and convenience this community offers, and make this extraordinary opportunity yours. Don't miss out—contact us now to secure your piece of paradise!
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Our Executive Mortgage Banker:
Our Insurance Division:
$140,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $112,000 | $112,000 | $112,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $764 | $744 | $945 |
Total Monthly Payment | $839 | $819 | $1,020 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.