THREE Prime COMMERCIAL parcels situated on Estero Boulevard! Formerly home to the renowned Armando’s Spa, The Bird triplex, and the famous Periwinkle Motel. ZONED COMMERCIAL BOULEVARD, THIS IS A SPECTACULAR LOCATION! This exceptional property boasts unparalleled Gulf views, a mere 150 feet away from the beachfront—a scarce find! Spanning an entire block of Estero frontage flanked by Pearl Street and Delmar Ave. , this site offers direct beach access from both Pearl Street and Delmar Ave. With side street frontage on both Delmar and Estero, the potential for redevelopment is vast and versatile. This property is positioned in proximity to the newly opened Margaritaville Resort! Moreover, it is near the iconic Pier, Times Square, and an array of burgeoning shops and restaurants in development.
****THIS PROPERTY BEING SOLD WITH THE ADJOINING 2141 AND 2171 ESTERO PROPERTIES. PRICE ON THIS LISTING IS FOR THE TOTAL ASSEMBLAGE OF ALL THREE PARCELS***** The sellers of 2101 Estero are open to discussing options for land contribution with prospective developers—a noteworthy opportunity not to be overlooked!
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William Raveis Real Estate
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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 | $3,947,199 | $3,947,199 | $3,947,199 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.103% | 7.041% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $26,927 | $26,261 | $35,203 |
Total Monthly Payment | $27,052 | $26,386 | $35,328 |
* 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.