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Discover the exceptional potential of 640 Lyons Lane, a perfectly situated vacant lot on a unique street in North Longboat Key, with homes only on one side and protected wetlands on the other. This property includes permitted plans for a stunning three-bedroom, three-and-a-half-bathroom home, offering an outstanding opportunity to build your dream residence in the sought-after Longboat Key. The existing plans showcase a well-designed layout, featuring a spacious primary suite with expansive views over the tranquil canal. For those seeking additional space, the plans can be updated to add another level, further enhancing the property's value and living area. Enjoy breathtaking water views from both the front and rear of the property, creating a serene and picturesque living environment. Adding to its allure, the property includes a newly installed pool and a convenient boat dock with a 10, 000 lb lift, all seamlessly integrated into the new planned design, perfect for embracing the Florida boating lifestyle. Enjoy direct access to the Millar and Sarasota Bays with no fixed bridges to the Gulf, offering unparalleled convenience for boating enthusiasts. This listing is for the lot only and does not include the cost of construction. However, the permitted plans, surveys, and other essential documentation are included. Buyers have the flexibility to start over with new plans if desired. Pricing is available for the existing permitted plans from the contractor, but the buyer is free to choose any builder for the construction. Whether you're looking to create a permanent residence or a luxurious vacation retreat, 640 Lyons Lane offers the ideal canvas. Don't miss this opportunity to own a piece of paradise in Longboat Key, with proximity to pristine beaches, golf courses, and fine dining.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,295,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,036,000 | $1,036,000 | $1,036,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.440% | 6.110% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,964 | $6,211 | $8,603 |
| Total Monthly Payment | $6,089 | $6,336 | $8,728 |
* 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.