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Build your dream home on this almost 1/4-acre prime corner waterfront lot facing SARASOTA BAY in the 55+ Community of Paradise Bay! This lot which comes in at 0. 2301Acres or 10, 024 sq ft AND is the most desirable lot available in this community. It sits on the corner of 106th St & Bayview Dr, the kayak launch is conveniently located directly across the street. The Longboat Key Bridge in the distance is in direct sight lines & a covered gazebo is just steps away from your soon to be front door, complete with park benches & a bench swing to meet up with your neighbors to catch another remarkable sunset. Paradise Bay is a fun & active 55+ community with plenty of activities, such as pickleball, shuffleboard with spectator bleachers & bocci ball courts & a gym. For daily activities, just check out the bulletin board at the Recreation Center & go for a relaxing swim at the community pool. Several boat launches are throughout the community & boat slips are available to rent. You are a mere 5 minutes to Anna Maria Island to completely enjoy the Florida lifestyle. Also, for dining, you have your choice of quick serve restaurants to 5 star gourmet, plenty of golf courses, airports starting at a mere 20 minute drive, grocery stores, shops & boutiques. This area has everything you need to be pampered.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$495,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $396,000 | $396,000 | $396,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,372 | $2,471 | $3,262 |
| Total Monthly Payment | $2,447 | $2,546 | $3,337 |
* 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.