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Welcome to 87 McTeer Drive, a rare oceanfront opportunity in a beloved beachfront community where horses and golf carts are welcome right on the sand. This home is a true diamond in the rough—a fixer-upper brimming with potential to become your ultimate coastal retreat or a high-value investment.
Nestled on a generous 1. 42-acre lot, the property features a three-bedroom, two-bathroom home with approximately 1, 826 square feet of interior space, ready for your vision and updates. Whether you’re looking to renovate, reimagine, or rebuild, the bones are in place for something truly special.
Wake up each morning to breathtaking sunrise views over the Atlantic, with the soothing sounds of waves just steps from your door. The property offers direct access to a private stretch of beach—perfect for morning walks, sunset rides, or simply relaxing in your own slice of seaside serenity.
A sea wall permit is already secured, providing peace of mind and paving the way for future shoreline enhancements. With ample outdoor space, the possibilities are endless—add a pool, garden, or outdoor kitchen to make the most of this extraordinary location.
Don’t miss your chance to own a piece of oceanfront paradise in one of the few communities that welcomes both horses and golf carts on the beach. 87 McTeer Drive offers the ideal blend of natural beauty, lifestyle freedom, and renovation potential to create something truly unforgettable.
We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an "as is" "as available" basis only and may not reflect all real estate activity in the market. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
$895,000
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 | $716,000 | $716,000 | $716,000 |
| 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 | 6.202% | 6.121% | 6.011% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,122 | $4,293 | $5,946 |
| Total Monthly Payment | $4,214 | $4,385 | $6,038 |
* 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.