INCREDIBLE WATERFRONT OPPORTUNITY – PRICED AT LAND VALUE! This stunning property offers a prime location that is truly unbeatable and rarely available ~ this is the best waterfront deal on the market right now in Sarasota County for an OVERSIZED LOT with NO BRIDGES to the Gulf of Mexico and No HOA or Deed Restrictions. Nestled at the end of a tranquil cul-de-sac along the edge of LYONS BAY, no through traffic and you can walk to Pop’s Sunset Grill and Nokomis Beach on Casey Key! This . 36-acre waterfront retreat offers a captivating view with an 80’ SEAWALL with DOCK (18’ dock recently installed in 2018, along with recent seawall enhancements and stainless tiebacks). Even if you’re not a boater, the tranquil sight of manatees and dolphins playing beside your seawall will be a delight. The solid concrete home has been there since 1969, and it has enormous potential with endless possibilities. The home features over 1, 900 s. f. with 3 bedrooms, 2 bathrooms and a 2-car garage. Essential updates completed in recent years include a new roof (2017), HVAC system (2019), electrical system (2017), hurricane impact windows and doors (2017), attic insulation (2017), and hot water heater (2023). Additionally, a state-of-the-art 7. 2KW SunPower solar panel system with a 12KWH Sonnen backup battery was installed in 2018 for added peace of mind. This charming home has great bones to customize as you wish: remodel, add on, go up to two stories to take advantage of the bay view, tear down, whatever you desire. City water is available for those who opt to connect. Enjoy all that can be accessed in this perfect Vacation Location: explore by foot, bike, or golf cart - Casey Key Island, Nokomis beach and North Jetty, waterfront restaurants, tiki bars, drum circle, sunsets, fishing, boating, and more. Don’t let this one get away, call today!
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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 | $876,000 | $876,000 | $876,000 |
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 | $472 | $472 | $472 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,902 | $5,755 | $7,752 |
Total Monthly Payment | $6,499 | $6,352 | $8,349 |
* 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.